USDJPY SHORT TARGET 230 PIPS
USDJPY SHORT TARGET 200 PIPS
This week we are looking to short USDJPY from 153.500 to 151.209 which is 230 pip target.
Election fever should be calming down in the coming week and expecting to see a correction in the USD in the next few days.
Trade is base on a few different conditions, I have marked the fake breakout and also the formation of a head and shoulder pattern on the 4 hour chart.
Entry criteria
Expecting an initial rise to entry before being rejected as per previous rejection at that level.
Break and retest is the safest entry method.
This week we are looking to short USDJPY from 153.500 to 151.209 which is 230 pip target.
Election fever should be calming down in the coming week and expecting to see a correction in the USD in the next few days.
Trade is base on a few different conditions, I have marked the fake breakout and also the formation of a head and shoulder pattern on the 4 hour chart.
Entry criteria
Expecting an initial rise to entry before being rejected as per previous rejection at that level.
Break and retest is the safest entry method.
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.