FX Trading Strategy "Genius Move" March 24, 2023 (Friday)
Hello there!
This is Tatsuron.
Here is the USD/JPY trading strategy!
Dollar 1-hour chart
USD/JPY trading strategy
Long points
① 130.483–130.890 JPYnearby breakout
② around 131.609 JPY breakout
③ 129.284–129.401 JPYnearby reversal
Breakout strategy
① Near 130.483–130.890 breakout, where previous support does not become resistance and price is expected to break upward.
② 131.609 JPY is a level where we warned yesterday; if there is no resistance movement observed again, nearby highs may be pulled into the 132 range.
Reversal strategy
③ 129.284–129.401 JPY remains unchanged. Plan for a deeper reversal. Mainly look for long entries.
Short points
① Around 129.401 JPY breakout
② Around 128.731 JPY breakout
③ Around 132.896–133.211 JPY reversal nearby
Breakout strategy
① Wait until a clear break below 130 JPY is evident before taking a short breakout at 129.401 JPY.
② Prepare for a sharp drop at 128.731 JPY. If price immediately returns to 129 JPY, exit quickly.
Reversal strategy
③The counter at around 132.896–133.211 JPY is a key resistance/support reversal zone in the low-130s. If it reverses here, price goes lower; if it breaks through, price goes higher.
If it reverses here, direction is down; if it breaks, direction is up.
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