Should price action for the USDJPY remain inside the 103.60 to 104.00 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 103.90
- Take Profit Zone: 101.10 – 101.50
- Stop Loss Level: 105.20
Should price action for the USDJPY breakdown below 103.60 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 101.10 – 101.50
- Stop Loss Level: 105.20
Should price action for the USDJPY breakout above104.00 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 104.10
- Take Profit Zone: 105.10 – 105.30
- Stop Loss Level: 103.60
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