Should price action for the USDJPY remain inside the 101.90 to 102.10 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ 102.00
- Take Profit Zone: 102.80 – 103.10
- Stop Loss Level: 101.50
Should price action for the USDJPY breakout above 102.10 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 102.80 – 103.10
- Stop Loss Level: 101.50
Should price action for the USDJPY breakdown below 101.90 the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 101.80
- Take Profit Zone: 101.00 – 101.20
- Stop Loss Level: 102.30
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