#USDJPY: From +1100 Pips To +1350 Pips A Possible Swing Buy

8 206
Dear Traders,

I hope you’re all having a great trading week!

The USDJPY is currently trading in a 152 price range and is experiencing extreme bullish momentum. The price is rallying without making any corrections, primarily due to the collapse of the Yen. We may see it fall further below. Given this market condition, it’s much riskier to trade with USDJPY.

Here are two approaches you may consider:

1. Take the entry at the current trading price with an accurate stop loss while using a smaller timeframe.
2. Wait for the price to return to the liquidity gap area, where it’s expected to fill.

Good luck, and thank you for your support throughout.

We appreciate your support.

Team Setupsfx_
Trade active
Second Entry Is Valid And Active Now, Let's see what it hold for us!
Trade closed: target reached
800+ Pips From Our Second Entry, It was a clean reversal from exact reversal point that we had suggested. Recommending to close this trading setup.

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.