Should price action for the USDJPY remain inside the 101.50 to 101.90 zone the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position @ 101.80
- Take Profit Zone: 91.60 – 92.00
- Stop Loss Level: 103.40
Should price action for the USDJPY breakdown below 101.50 the following trade set-up is recommended:
- Timeframe: W1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 91.60 – 92.00
- Stop Loss Level: 103.40
Should price action for the USDJPY breakout above 101.90 the following trade set-up is recommended:
- Timeframe W1
- Recommendation: Long Position
- Entry Level: Long Position @ 102.10
- Take Profit Zone: 103.60 – 104.00
- Stop Loss Level: 101.30
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