2026/03/26 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price broke to the upside last night, so right now it’s a buy.
However, this price is a key level on the 4-hour chart, so the movement has slowed down.
It’s rising and I have a bullish bias, but this is a situation where I should wait patiently before buying.
I think it’ll be easier to buy if it drops to around the C line.
Review
It played out as Scenario A.
The trade was a long from the red circle, the pullback after price broke above Line A.
On the lower timeframes, buyers and sellers were battling it out, so I waited for a double bottom and price turning up (making higher lows) on the 5-minute chart (M5) before entering.
After that, I exited on the drop that broke the upward wave structure. 13 pips
Since this was late at night, another approach would be to watch the rise after entry, move the stop-loss level to just below the pink line, and go to bed.
In that case, it would have been an exit with a small profit.
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.
