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Usdjpylongsetup

USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow Point A LH: 109.9 Bearish Wick Point B LL: 107.9 Bearish Wick Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of support at 107.9 that leads me to believe that the last LH at 109.7 was ACTUALLY a LH. But the best entry we are now looking for will be found after the pullback of the broken support. So we are looking for price to pull back to 108.1. Point D TP: 107.3 - Since this is not the best entry and we are basing our trade on the H4 TF this is not my ideal trade so we are only looking for the short term push... But I will have 2 trades going, 1 to end off at 107.3 and another to just run to the 105 region. SL: None
Short
by FxProNow
1
USDJPY Long OpportunityHi guys its Brian here with a long opportunity for USDJPY. The current price for USDJPY is now in a strong historical support zone where we see that previously price has bounced off this support zone for 4 times in the past since 2017. USDJPY has also been making higher highs for the past few days and could possibly be coming out of the support zone soon. If going long at this price level, there is a good risk to reward ratio with stop loss set at the support zone and profit target set near the resistance level. www.brianchai.com Free Trading Group
Long
by BrianChai