Pair: USD/JPY
Direction: SELL
Entry Zone: 156.40 – 156.70
Stop Loss: 157.10
Take Profit Levels:
- TP1: 155.50
- TP2: 154.80
- Price nears entry zone → setup ready to sell
- Hit TP1 → secure partial profit
- Hit TP2 → close remaining position
- Close above SL → invalidate trade
- M15/H1 bearish momentum
- Overbought on RSI and stochastic confirms short bias
- Avoid trading during major news spikes
- Max 1%–2% account risk per trade
- Avoid trading correlated pairs simultaneously
- Best during London & New York sessions