FX Trading Strategy "Genius Move" March 23, 2023 (Thursday)
Hello there!
I am Tatsuron.
Here is the USD/JPY trading strategy!
USD 1-hour chart
USD/JPY Trading Strategy
Long Entry Points
① Around 131.119 JPYNear breakout
② Near 132.053 JPY breakout
③ Around 129.284 JPY～129.401 JPYNear reversal
Breakout Strategy
① Breakout near 131.119 JPY is a relatively early judgment. Since it’s a point prone to being sold on a pullback, be mindful of around 131.609 JPY and aim for the 132-yen area.
② Breakout of 132.053 JPY is handed off at the resistance-turned-support zone of 132.896–133.211 JPY.
Reversal Strategy
③ Reversal depth around 129.284 JPY～129.401 JPY is set deeper. The basic aim is to go long.
Short Entry Points
① Break near 130.463 JPY～130.890 JPY
② Break near 129.401 JPY
③ Around 131.609 JPY～132.053 JPY reversal
Breakout Strategy
① Breakout near 130.463 JPY～130.890 JPY suggests continuation of a downtrend on the hourly level due to new lows being formed. Be careful in this zone, as a break below 130.890 JPY may point upward; if going long, this is a target area.
② Breakout of 129.401 JPY occurs with multiple upward trendlines, so wait clearly until below 130.00 JPY.
Reversal Strategy
③ The counter around 131.609 JPY～132.053 JPY is a pullback target. If it becomes a resistance, consider shorting; if not, go long.
