Great Opportunity To Sell USDJPY ??? Awesome R/R On This Idea!

19 באוג׳ 2022

USDJPY has now moved into the key selling area between 136.4 -137.4 this is the actual area that caused the huge sell off down to 130.5 at the start if this month. It was also the area that broke the weekly trend line . We have retraced back to this level pretty quickly meaning it's highly likely we will see large selling action around this area.

I will wait for a 4HR or 1HR MacD divergence or a sell signal before entering the position in this area, if the trade triggers can expect a drop back down to 130 or below. My stop loss will be around 138 great R/R on this trade idea

If we get a daily break and close above the 138 then can expect a move up to test around 140 which will be a huge interest area