Hello my friends,
Before i start my USDJPY analysis, i wanna update regarding my XAUUSD buy position which i posted yesterday.
It is now floating +100 pips so better set your SL to entry now for a risk free position.
Let's continue with today USDJPY entry. I am favoring USDJPY to go lower as price now below the kumo cloud on 4hr tf.
All confirmations needed were fulfilled so we will take a sell position.
1st confirmation is price below the kumo cloud
2nd confrmation kumo cloud twisted to the downside
3rd confirmation parabolic SAR now above the price so we could say sellers are in control
Sell USDJPY 105.30
Stop loss 105.70
Take profit 104.10
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
If you find my post useful, please give me a thumbs up and follow me for next update
Before i start my USDJPY analysis, i wanna update regarding my XAUUSD buy position which i posted yesterday.
It is now floating +100 pips so better set your SL to entry now for a risk free position.
Let's continue with today USDJPY entry. I am favoring USDJPY to go lower as price now below the kumo cloud on 4hr tf.
All confirmations needed were fulfilled so we will take a sell position.
1st confirmation is price below the kumo cloud
2nd confrmation kumo cloud twisted to the downside
3rd confirmation parabolic SAR now above the price so we could say sellers are in control
Sell USDJPY 105.30
Stop loss 105.70
Take profit 104.10
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
If you find my post useful, please give me a thumbs up and follow me for next update
