2026/08/17 USD/JPY Trade Strategy
Today's USD/JPY call: Sell.
Price has been falling all morning, and it’s now near the range low on the 4-hour chart.
Selling right here is risky, so I’ll wait and see, but if it pulls back up once more and then turns lower, I’d like to sell.
Since we’re at the range low, I also need to consider a move up from here, but given the intervention risk and the shape of the chart, my impression is that it will struggle to rise.
Review
It was Scenario A.
I went long on the pullback after the bullish shift that followed the bounce off the range low.
With the range high as the rough target, the risk-reward is about 50/50, so it isn’t that great, but the buy was premised on exiting immediately if the structure broke down on the lower timeframes.
I took profit where price started turning down (making lower highs) after briefly breaking above the range high. 33pips
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.
