short set up for USDJPY

Oct 25, 2022

by getting more strength on JPY index now this pair has strong chance to drop.

so based on the strategy on the chart if the price break the dynamic support level

or the trigger level, downward pressure has chance to continue more.

if you set short position a proper stop loss would be above 149.5 level.

we also could have more sideways hours in to the area before any strong move.



Enjoy the market
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Oct 26, 2022

Trade active

broke the level as expected

Oct 27, 2022

Trade active

still bearish

Nov 1, 2022

Trade active

retested the trigger zone but still bearish in longer time frames
so the strategy is the same.

Nov 11, 2022

Trade closed: target reached

hit the target but still bearish and can test lower area on the chart below.

Nov 14, 2022

Trade closed: target reached

and touched the second target as expected.

Dec 1, 2022

Note

will keep dropping to the demand area.