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Pre NFP (Possible 200 Pips on USDJPY)
I’m currently positioned long on this market, targeting 153.000, with the expectation that the NFP release will inject some strength into the Dollar, driving price toward that key level. From there, my plan is to shift gears and look for a swing short opportunity, aiming for the 145.00 region—a move that could net over 700 pips.
The logic here is simple: a surge in Dollar strength could create the perfect momentum for an upward push, but once price reaches the target zone, it opens the door for a broader corrective move. Of course, if the market doesn’t deliver on this scenario, I’ll hold back, stay calm, and wait for a clear and decisive opposing bias to present itself. Flexibility and patience always win the game.
The logic here is simple: a surge in Dollar strength could create the perfect momentum for an upward push, but once price reaches the target zone, it opens the door for a broader corrective move. Of course, if the market doesn’t deliver on this scenario, I’ll hold back, stay calm, and wait for a clear and decisive opposing bias to present itself. Flexibility and patience always win the game.
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