USDJPY buy trade idea 21 07 2021
BUY USDJPY 109.90
SL: 109.60
TP1: 110.10
TP2: 110.30
TP3: 110.50
Signal Analysis
Currency Pair: USDJPY
BUY USDJPY 109.90
Timeframe: H1
Step 1 - Previous News: USD: Housing data decline, JPY: -
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast down, slow turning down
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: USD: -, JPY: Bank Holiday tomorrow
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