Should price action for the USDJPY remain inside the 107.40 to 104.60 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position 107.50
- Take Profit Zone: 105.10 – 105.30
- Stop Loss Level: 108.70
Should price action for the USDJPY breakdown below 107.40 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 105.10 – 105.30
- Stop Loss Level: 108.70
Should price action for the USDJPY breakout above 107.60 the following trade set-up is recommended:
- Timeframe H4
- Recommendation: Long Position
- Entry Level: Long Position @ 107.70
- Take Profit Zone: 109.40 – 109.70
- Stop Loss Level: 106.80
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