short set up for USDJPY

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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İşlem aktif:

broke the level as expected

İşlem aktif:

still bearish

İşlem aktif:

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

İşlem kapandı: hedefe ulaştı:

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

İşlem kapandı: hedefe ulaştı:

and touched the second target as expected.

Yorum:

will keep dropping to the demand area.