USDJPY daily demand in control, lots of chop in the middle..
Aggiornato
Price Altitude: Middle
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: USDJPY has axed its way through a daily demand and removed it only to touch a lower demand zone starting @ 110.606. The approach is grinding-ly awful.
Prediction: I am looking for a deeper drop into the daily demand which is now in control for a long into daily supply @ 111.214.
Price Points of Interest:
4h Demand @ 110.525
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: USDJPY has axed its way through a daily demand and removed it only to touch a lower demand zone starting @ 110.606. The approach is grinding-ly awful.
Prediction: I am looking for a deeper drop into the daily demand which is now in control for a long into daily supply @ 111.214.
Price Points of Interest:
4h Demand @ 110.525
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Nota
USDJPY removed the daily+4h demand and rallied into supply. I am still looking to short the 4h supply @ 111.304 if price get up there to line up with the higher TF trend.Trade chiuso: obiettivo raggiunto
Trade idea finished. Profit targets hit.
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