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USDJPY: Our Trading Plan to Sell



If you saw my previous post on USDJPY , then you know that an important decision is ahead.


The price is approaching a year's high. Depending on the reaction to that structure,

we will either see a strong bullish wave or a pullback.


To catch a pullback, follow a rising parallel channel on hourly.

Once the price touches the underlined potential reversal zone,

wait for its breakout (1H candle close below the support).


Then sell with your first goal - 110.550


Remember that in case if we close above the yellow structure on a daily,

bullish continuation will be expected.

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