TradingView
DesharedPierreJr.
Jun 22, 2023 1:26 AM

USDJPY uptrend scalp to higher high Long

USD/JPYOANDA

Description

The daily closed bullish but with some buy exhaustion which led me to believe that there still some bullish momentum but not much. The 1H made a clear higher high and decided to hold at its lows but created some bullish reversal signals on top of support. The moving avergae plays as support as well. Upon the breach of a 30min correction trendline. I believe price is on its way back to test its high or create a new one. Afterall, this is an overall uptrend.
Comments
TheFxAce
Excellent long idea! Your thorough understanding of market dynamics is evident in this analysis.
More