HayatoDragonFX

USDJPY, 2hr tf, sell below kumo cloud

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hello my friends,

Today is such a good day. It is very nice that before weekend i got my positions hit take profit.
Before starting with today USDJPY setup, i am gonna post my XAUUSD setup which i posted at 30 September 2020 just hit my take profit.
I posted to buy XAUUSD at 1889 and take profit was set at 1916.
Price hit TP today, i booked +270pips and banking +6% profit.

This is the link to my previous buy XAUUSD position

OK, let's start with USDJPY sell setup for today.

Based on the 2hr chart you could see price below the kumo cloud and parabolic SAR above the price indicating sell pressure.
USDJPY dropped 60 pips today after Trump announced he's positive for COVID-19, triggering my sell signal to this pair.

Sell USDJPY 105.30-20
Stop loss 105.75
Take profit 103.95

RR Ratio 1 : 3
Use only 1-2% risk
Good luck

Disclaimer : I sold USDJPY from 105.20

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