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Wednesday, August 04, 2021

USDJPY D2: IHS BEARS SHORT IT TP 105.00(NEW/SL/TP/UPDATED)

USDJPY D2: IHS BEARS SHORT IT TP 105.00(NEW/SL/TP/UPDATED)

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USDJPY D2: IHS BEARS SHORT IT TP 105.00(NEW/SL/TP/UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains.

๐Ÿ”ธ Summary and potential trade setup
::: USDJPY 4days/candle chart review
::: dumping hard already from my level
::: not too late to SHORT IT
::: BEARS maintain control
::: still valid expecting more gains
::: on sell side BEARS short rips/bounces
::: TP is still 105.00
::: previous trade setup made money
::: recommended buying low for TP at 110.00
::: right now BEARS focus on SHORTING
::: closer to 111.50 TP is 105.00
::: great swing setup for 600+ pips
::: setup still valid as of right now
::: great progress since initiated coverage
::: +200 pips already running on BUY SIDE
::: speculative IHS BULLS in progress
::: mid-term target is 111.50 +350 pips
::: bulls maintain control / strong reversal
::: recommend to focus on buying dips now
::: recent low was cycle low for USDJPY
::: going forward we are GOING UP!
::: PT bulls is 111.50 which is also key S/R level
::: generally traders should look
::: to BUY any dips in this market
::: almost 350 pips upside from here
::: later with SL/TP levels
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: good luck traders
๐Ÿ”ธ Supply/Demand Zones
::: 106.00 fresh demand zone
::: 111.50 fresh supply zone
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.



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