Should price action for the USDJPY remain inside the 108.50 to 108.90 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @108.70
- Take Profit Zone: 101.60 – 102.00
- Stop Loss Level: 111.00
Should price action for the USDJPY breakdown below 108.50 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: 101.60 – 102.00
- Stop Loss Level: 111.00
Should price action for the USDJPY breakout above 108.90 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 109.00
- Take Profit Zone: 111.20 – 111.60
- Stop Loss Level: 108.00
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