U.S. Dollar / Japanese Yen
Short
Updated

USDJPY SELL SETUP

2229
It is on the uptrend but overextended. A pullback is coming. Maybe a sharp drop

Risk no more than 1%.
Once a trade is in 70 pips profit, set BE
Trade active
30+ pips in profit
Trade active
200+ pips in profit
Trade active
400 pips in profit. Close half and move SL to 158.70
Trade active
440+ pips in profit.
TP 2 152.00
TP3 144.00
TP4 138.00
TP5 128.00
Trade active
600+ pips in profit.

TP2 152.00 coming soon
Note
TP 2: 152.00 Hit
Trade active
Over 1000+ in profit.
With BoJ news, we are more likely to see soon our TP2: 144.00
Trade active
1300+ pips
300 more for TP2: 144.00
Note
TP3 144.00 Hit
1770 pips Done

Next: TP4 138.00
Trade active
It seems like we might see a pullback to 149.00
Trade active
As predicted 149.00 is approaching
Trade active
149.00 hit

In the current situation, I am seeing back to 161.70

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.