USD/JPY Trade Setup

Jimmy_Rebello Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
1. Trade pullback ?

>>> let price get back to POI for entry with sl above POI
(offers good R:R)

>>> follow the lower high lower lows pattern
>>> exit on price switching to higher low

2. Conservative Trade ?

>>> wait for the price to get a DISCOUNTED ZONE
(fib 0.5 from recent swing low to high)

>>> long on swing making higher low and higher high

(avoid entering direct on 0.5 without confluence)

(previous trade got out with small SL, then we saw a parabolic upside this is why sl is important)
Trade active:
pullback trade
price went up to our POI grabber some liquidity and begin the down side again
check for new post about usd jpy both side view


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