Should price action for the USDJPY remain inside the 106.90 to 107.30 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @107.20
- Take Profit Zone: 101.40 – 101.80
- Stop Loss Level: 109.20
Should price action for the USDCHF breakdown below 106.90 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: 101.40 – 101.80
- Stop Loss Level: 109.20
Should price action for the USDJPY breakout above 107.30 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 107.40
- Take Profit Zone: 109.20 – 109.50
- Stop Loss Level: 106.40
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