USDJPY - Ready For Another 2000pip Trade?

Our last analysis for USDJPY resulted in a massive 2000pip trade! We are now getting ready for another 2000pip trade setup.

We anticipate price to move within the fib levels. As to which price exactly is yet to be determined. We can easily use price action to figure out where the reversal point is once we enter our area of interest.

In the meantime, we can look for a risky long trade into our swing zone.

Trade Idea (LONG)
- On lower timeframe, look for reversal price action to indicate change in market direction
- Once confirmed, you can enter longs with stops below the lows
- Target our area of interest = 1000pips

Once we're in our area of interest, we can look for a short setup which will be atleast 2000pips!

What do you guys think?

Goodluck and as always, trade safe!

See our previous setups below