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Immediate Long Entry USDJPY (with pot short Entry)

by Roshun B, April 7, 2021

USD/JPY H4 Price Action

by Roshun April 7, 2021

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USD/JPY

|

Long

|

H4

Timeframe:

H4

Analysis Method:

Price Action

Analysis:

Price returned to HTF Resistance turned Support

Trade Plan:

Long in that zone,
Potential Short if second line scenario present itself

Risk Management:

1 : 3

Things To Watch For:

If we get a weak reaction in the course till NY open, beware scrap trade or BE
-Be mindful of a potential Short entry enter as a Breakout(downward) style.

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  1. PA has not been great, we find that price failed to break min R 109.900 indicating further that Long trade idea success is weakening. Manage as per your plan.

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