USD/JPY SHORT TERM SETUP (LONG/SHORT)
Updated
Technical Analysis for 
USDJPY on H1 chart above was initially planned for the short term range within the level of (Support) 101.80 - 102.50 (Resistance). Consisting of 70 pips in total accumulation in between those levels. R:R = 1:1
Key Factors for this setup are the PA swings, Closed Candlestick, and the up/down-trends strength to plot for the PO Buy Cheap/Sell Expensive
Target Profit of 20-30 pips on a single directions. Be it, LONG/SHORT.
Look for a good entry and recommended to set for the Stop/Limit order. All the best. Trade Success.
USDJPY on H1 chart above was initially planned for the short term range within the level of (Support) 101.80 - 102.50 (Resistance). Consisting of 70 pips in total accumulation in between those levels. R:R = 1:1 Key Factors for this setup are the PA swings, Closed Candlestick, and the up/down-trends strength to plot for the PO Buy Cheap/Sell Expensive
Target Profit of 20-30 pips on a single directions. Be it, LONG/SHORT.
Look for a good entry and recommended to set for the Stop/Limit order. All the best. Trade Success.
Trade closed: target reached
After the Asian session we had our limit/stop orders in place to trap the bear/bull in either both directions. This is how it looks like... Note
But to anyone who strongly believe that the UJ will continue its momentum down and falls towards the 100, u can add this level here. But please have a good MM plan before you trade. Happy Trading
Related publications
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.