FX:USDJPY   U.S. Dollar / Japanese Yen
Again, anticipating any bout of USD short covering following the recent sell-off, I will position myself bid USD against yen @ 107.52. Targets and stops will be close as this is only targeting a reversal of the most recent down leg.
BE target @ 107.74, and SL 107.31.
This set-up will be cancelled should we close below 107.09 on a 10min basis before we reach entry.

Related Ideas

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.