CashFalcon

USDJPY Swing Trade

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OANDA:USDJPY   美元 / 日圓
✨ USDJPY... DT (52W, 4W) ✨ Swing Trade ✨

-SL @ 146.646 🚫
MO @ 139.867 📉
SLO @ 144.405
TP1 @ 131.232
TP2@ 118.629
TP3@ 110.372


Current Opportunity
I predict that there will be a downward retracement for DXY, and as a result, we can anticipate a similar retracement in USDJPY. My strategy involves taking profits at different stages: I intend to reduce my position by 25% at the first and second take profit levels, and ultimately close my entire position when the third take profit is reached.

BIG Picture
Based on our analysis, USDJPY is currently in a long-term uptrend, and our team maintains the perspective that this upward trajectory will persist even after the expected retracement. We aim to take advantage of this retracement and update you on potential long positions as we approach TP3.

Happy Trading!!

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