2026/08/19 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price is turning down (making lower highs), so it’s hard to buy right away, but technically it’s still a buy.
If it holds up around the B line, I’d like to go long.
Review
It was Scenario C.
Early on there was no bounce from Line B, and price broke below Line C, so I switched my bias to selling.
I then went short at ○1, the first retracement after that.
After entry, price kept turning down (making lower highs), so I was trying to judge where the decline would stop, but right at that moment it dropped sharply.
After that, I took profit where it bounced off the round number. 110 pips
I think it would also have been fine not to take profit here, and instead hold with a stop loss set slightly above the blue marker.
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.
