MrKTechnicalLevels

Strategic #USDJPY H1 Trading: Maximizing Opportunities with Pati

OANDA:USDJPY   U.S. Dollar / Japanese Yen
#USDJPY H1 Strategy: Last week's #USDJPY trade yielded significant gains, even though our final target of 157.20 was not reached. The 157.20-157.60 zone presents an attractive selling opportunity, characterized by the presence of an H1 order block and a significant fair value gap. If we observe notable rejection signals, such as one to two hourly red candles indicating selling pressure, we will initiate a sell position with a stop loss set above 157.90, targeting 100-200 pips. Conversely, if #USDJPY manages to close above 157.60-157.70 in H4 or preferably H1 candles, we can consider a quick buy targeting 100-170 pips. Patience is key in swing trading, as this trade may conclude on the same day or extend over 3-4 days.

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