2026/02/19 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
My bias is to buy, but price rose more than I expected yesterday, so it’s a bit hard to pin down a target.
If this momentum continues, I’ll simply buy pullbacks on the 15-minute chart, but it’s also possible that price dips a little, forms a range around C, and then rises.
If price breaks below C, I’ll consider selling.
Review
It was Scenario B.
I went long after the 5-minute chart (M5) started turning up (making higher lows), following a pullback to the pink line right in the middle of the small 15-minute range.
Took profit when the buy target was reached. 30 pips
After that, you could have aimed for a short once it started turning down (making lower highs), but it didn’t really feel like a market I wanted to trade aggressively.
This article reflects the author's personal view of the market. It does not recommend any specific trade; all investment decisions are your own responsibility.
