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SELL USDJPY

by Anthony B, February 20, 2023

USD/JPY W1 Support and Resistance, Currency Strength

by Anthony Bourne February 20, 2023

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USD/JPY

|

Short

|

W1

Timeframe:

W1

Analysis Method:

Support and Resistance, Currency Strength

Analysis:

Sell USDJPY when it breaks the previous low at 127.11 and set TP at 115.52 or 1000 pips

Trade Plan:

Sell at previous low

Risk Management:

0.25 – 0.5%

Things To Watch For:

Large retracements before trade reaches take profit

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DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

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