Should price action for the USDJPY remain inside the 101.80 to 102.20 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ 101.90
- Take Profit Zone: 104.70 – 105.10
- Stop Loss Level: 101.00
Should price action for the USDJPY breakout above 102.20 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position @ Retracements in the trend; buy orders during dips
- Take Profit Zone: 104.70 – 105.10
- Stop Loss Level: 101.00
Should price action for the USDJPY breakdown below 101.80 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 101.70
- Take Profit Zone: 100.70 – 101.00
- Stop Loss Level: 102.10
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