USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more and more bearish on UJ as we change higher timeframe trends.
Going into this week we want to look for structure, so that means a lower high forming near 140.500 with convincing bearish variations to short on.
Trade scenario 2: The other likely scenario is UJ going for a more dramatic retrace up to 145.000. Look for higher lows above 140.500 to confirm this.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more and more bearish on UJ as we change higher timeframe trends.
Going into this week we want to look for structure, so that means a lower high forming near 140.500 with convincing bearish variations to short on.
Trade scenario 2: The other likely scenario is UJ going for a more dramatic retrace up to 145.000. Look for higher lows above 140.500 to confirm this.