USDJPY - Potential Bullish Reversal!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on MONTHLY: Left Chart
USDJPY is sitting around a demand zone in blue so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For the bulls to take over, we need a momentum candle close above the orange neckline.
Meanwhile, until the buy is activated, USDJPY can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on MONTHLY: Left Chart
USDJPY is sitting around a demand zone in blue so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For the bulls to take over, we need a momentum candle close above the orange neckline.
Meanwhile, until the buy is activated, USDJPY can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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