Stoic-Trader

USDJPY Trying to break to the upside

Long
FX:USDJPY   Dollaro / Yen giapponese
Price action for USDJPY has been behaving nicely, and the first yellow area marked in my previous post acted as solid support.

We have the conditions to consider a running flat was finished and price will continue rising.

Nevertheless, note that we have also formed a triangle (green lines) and the upside is capped by the top of the triangle and a very strong resistance at 155.50 (Orange Circle).

My primary scenario is bullish, and a break above 115.50 is my entry point.

📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)

linktr.ee/stoic.trader
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.