USDJPY Trade Scalp Setup
Hourly Chart
- Because My Trend Filter for the 1hr time frame is giving me bullish signals and with price action starting to have higher high and higher lows , i am looking for long scalps tomorow
- Confluence of 61.8 and 50 fib together
- Previous resistance which now is support (top bottom)
- 30 and 50 SMA is around that level
- Nikkei is strong (which is positive correlation) however do note the DXY is weak which may have an effect, however as we are trading at strong support the risk is lower
Outlook Trade opportunity
As per hourly chart
*note to trade lightly as against the 4hr and daily trend
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