Why are we entering?
- Expecting USD weakness = USDJPY SHORT
Entry
- Safe entry: break of WFB
- Risk Entry: Break of risk trendline on lower timeframe once we move up
Once entered, where will our Stoploss be?
- above price once entry trendline breaks
Where do we take profits?
First TP: 152 (1000pips)
Second TP: 147 (1450pips)
Second TP: 141 (2000pips)
Taper as we move down