USDJPY 105.559 + 0.01 % * STRUCTURE & MULTI TM IDEA CONT PTTNS
HELLO EVERYONE
Here's an idea on the DOLLAR/YEN with a summary from higher Time frames.
- From the monthly the pair is still respecting and range-bound in a descending triangle structure where it was just rejected at the base of structure at 200 MA Which has been ating as support on the monthly time-frames for some months now. looking for a continuation of this move with the bulls from the monthly perspective.
- On the weekly and the daily TIME-FRAMES the sentiment is more or less the same, we saw a rally with the bulls building some bullish momentum and trading just below the 61.8 % Fibonacci level so looking for a continuation of this move with the bulls so the sentiment is the same looking for bullish opportunities on the pair.
- on the 4H and lower time frames looking for confirmations and entry opportunities on of the confirmations from the 4H can be a break and retest of the 200 MA amongst others.
lets see how it goes...
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
TP1 - 105.955
TP2 - 106.307
TP3 - 106.671
SL * 105.951
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Here's an idea on the DOLLAR/YEN with a summary from higher Time frames.
- From the monthly the pair is still respecting and range-bound in a descending triangle structure where it was just rejected at the base of structure at 200 MA Which has been ating as support on the monthly time-frames for some months now. looking for a continuation of this move with the bulls from the monthly perspective.
- On the weekly and the daily TIME-FRAMES the sentiment is more or less the same, we saw a rally with the bulls building some bullish momentum and trading just below the 61.8 % Fibonacci level so looking for a continuation of this move with the bulls so the sentiment is the same looking for bullish opportunities on the pair.
- on the 4H and lower time frames looking for confirmations and entry opportunities on of the confirmations from the 4H can be a break and retest of the 200 MA amongst others.
lets see how it goes...
HAPPY TRADING EVERYONE
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
TP1 - 105.955
TP2 - 106.307
TP3 - 106.671
SL * 105.951
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Trade closed: stop reached:
🔴