USD/JPY 1Day and 4Hour
On a shorter timeframe(4H), there are resistance and support levels. I will be selling the breakout of the support, but not buying the breakout of the resistance because it provides a bad RR if we TP at Daily Trendline.
Sell at the daily trendline as it will probably bounce back, but close the position and enter a long if it breaks out of it.
The TP's are not accurate values. Set a wide trailing stop after you enter the trade.
Sell at the daily trendline as it will probably bounce back, but close the position and enter a long if it breaks out of it.
The TP's are not accurate values. Set a wide trailing stop after you enter the trade.
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