The idea here is exploit the fact that the USDJPY seems to have trouble to break the 100 level. If the pair close below 98.43 the chances for a more profound pullback increases. The first part of the trade is sell with stops at high and take profit at 95.76 where we should close at least the half of the trade. Then we can look for the more agressive target that represents a 38.2% of retracement of the last wave iii impulse.
This is a very risky trade so is recommended to use it just if you have a very good results recently and can afford to expend some profits trying this trade.
This is a very risky trade so is recommended to use it just if you have a very good results recently and can afford to expend some profits trying this trade.