Should price action for the USDJPY remain inside the 107.90 to 108.30 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position 108.10
- Take Profit Zone: 105.20 – 105.60
- Stop Loss Level: 109.50
Should price action for the USDJPY breakdown below 107.90 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: 105.20 – 105.60
- Stop Loss Level: 109.50
Should price action for the USDJPY breakout above 108.30 the following trade set-up is recommended:
- Timeframe H4
- Recommendation: Long Position
- Entry Level: Long Position @ 108.40
- Take Profit Zone: 109.80 – 110.20
- Stop Loss Level: 107.60
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