Should price action for the USDJPY remain inside the 101.50 to 101.80 zone the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ 101.75
- Take Profit Zone: 102.75 – 103.25
- Stop Loss Level: 101.00
Should price action for the USDJPY breakout above 101.80 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 102.75 – 103.25
- Stop Loss Level: 101.00
Should price action for the USDJPY breakdown below 101.50 the following trade set-up is recommended:
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position @ 101.50
- Take Profit Zone: 100.75 – 101.00
- Stop Loss Level: 101.80
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