oktane

✨ USDJPY: ITF CURVE ANALYSIS (1D) ✨ (DOWNTREND)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
SLO2 @ 151.40 ⏳ (Range up to 151.43 - DCA from SLO1)
SLO1 @ 151.13 ⏳
SSO1 @ 150.66 ⏳
TP1 @ 143.538
TP2a @ 142.85 (secret TP)
TP2 @ 136.664
TP3 @ 132.161
TP4 @ 129.25
BLO1 @ 129.00 ⏳
BLO2 @ 128.45 ⏳

🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT

Intermediate time frames (4 hours to 6 day):

— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.