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USDJPY Short

by Francisco javier P, February 7, 2022

USD/JPY H1 Technical / Fundamental

by Francisco javier Pacios February 7, 2022

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USD/JPY

|

Short

|

H1

Timeframe:

H1

Analysis Method:

Technical / Fundamental

Analysis:

USDJPY in a bigger picture resistance area. Creeping trend in the long side, with also a Divergence in the Awesome Oscilator.
Looking for a strong movement to the up side, followed by a stronger bearish one, preferably with economic news as a catalyst.

Trade Plan:

Looking for premium liquidity grab into previous days Highs, willing to Sell after a strong rejection confirmation in the purple shaded area.

Risk Management:

0.25% with a 1:5 R:R, SL: 30 Pips. TP: 150 pips taking previous week lows.

Things To Watch For:

USD Economic Calendar as a booster (CPI on Thursday 10 February).

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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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