2026/10/19 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
Price is ranging, and on the 15-minute chart (M15) there’s no clear direction at all.
In the near term, support around B is holding, so I think buying from around this range low is fine.
I don’t see it extending much higher for now, so I’ll take profit as soon as it reaches the range high.
If it breaks below C, that could lead to a move lower on the daily chart, so I’d like to sell.
Review
It played out as Scenario A.
Long from ◯1, which became short-term support/resistance (S/R) after the break above Line A.
Given the flow, you could hold without taking profit, but taking profit once it started to look like a double top is also fine. 20pips
A long from the blue ◯ would have been ideal, but the shape made it hard to enter and the stop-loss level was too far away, so I passed on it.
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.
