Why are we entering?
- Expecting USD strength and JPY weakness = USDJPY LONG
Entry
- Safe entry: break of WFB
- Risk entry: will look for lower timeframe risk trendline
Once entered, where will our Stoploss be?
- below price once WFB breaks
Where do we take profits?
First TP: 147 (700pips)
Second TP: 150 (1000pips)
Taper