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ProjectSyndicate
Apr 9, 2021 1:00 PM

USDJPY D4: PT BULLS 111.50. IHS BULLS (UPDATE) Long

U.S. Dollar/Japanese YenFXCM

Description

USDJPY D4: PT BULLS 111.50. IHS BULLS (UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains.


🔸 Summary and potential trade setup
::: USDJPY 2days/candle chart review
::: updated/revised outlook
::: setup still valid as of right now
::: great progress since initiated coverage
::: +100 pips already running on BUY SIDE
::: speculative IHS BULLS in progress
::: mid-term target is 111.50 +350 pips
::: bulls maintain control / strong reversal
::: recommend to focus on buying dips now
::: recent low was cycle low for USDJPY
::: going forward we are GOING UP!
::: PT bulls is 111.50 which is also key S/R level
::: generally traders should look
::: to BUY any dips in this market
::: almost 350 pips upside from here
::: later with SL/TP levels
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: good luck traders
🔸 Supply/Demand Zones
::: 106.00 fresh demand zone
::: 111.50 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Comments
UnknownUnicorn15614419
Thank you for such a detailed analysis! Agree.
InkyGrip
Interesting view 🦐🤙
Karzon
Nice outlook
alonsoddlviq
can you please look at XRPBEAR please 🙏
Mahtab_Tradia
Nice outlook! Thanks for sharing
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