USDJPY | Perspective for the new week

已更新

The USDJPY has been on a robust bullish momentum since the beginning of the year and despite the breakdown of the trend structure; the extremely positive jobs numbers from the NFP make it more likely the trend isn't over yet. In this video, I have exp[lained what my expectations are this week.

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Past performance is not necessarily indicative of future results.

交易進行

We are right within the supply zone identified in the video and we have a pennant structure appearing in the lower time frame. I want to be getting ready for a selling momentum and I will be scaling my position gradually as confirmation happens.

Good morning

交易進行

I am thinking of scaling in but considering the possibility of a retest of the pennant structure. Let's see what happens.

Good afternoon

交易進行

We are still within the selling window

Good morning

交易進行

Price action remains within my entry zone since the beginning of the week as the price finally breaks down the bullish trendline during the early hours of today. My bearish momentum still remains valid.