USDJPY 30min Analysis March 1st, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price retrace back to our key weekly level at 106.650. We will look to enter on strong bullish setups off this zone, first targeting 107.00.
Trade Scenario 2: Bearish - For us to go short we want to see price fall below our key weekly level of 106.650. We will then wait for a retrace and for 106.650 to flip as resistance. We will then look to enter on strong bearish setups.
Trade Scenario 2: Bearish - For us to go short we want to see price fall below our key weekly level of 106.650. We will then wait for a retrace and for 106.650 to flip as resistance. We will then look to enter on strong bearish setups.
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