USDJPY
Updated
"I am considering a short trade on the USD/JPY pair. On the chart, we can see a potential order block from which we plan to open the short position. Currently, the price is in Phase C of Wyckoff's model, and I am expecting a test of the UTAD (Upthrust After Distribution) zone.
This implies that the price will likely reverse back to the order block, after which a price decline is expected. My target is set at the previous week's Tokyo session low.
This is a high-risk trade, so I will allocate only 1% of the deposit. The stop loss will be tight.
SP500
JPY/USD
This implies that the price will likely reverse back to the order block, after which a price decline is expected. My target is set at the previous week's Tokyo session low.
This is a high-risk trade, so I will allocate only 1% of the deposit. The stop loss will be tight.
SP500
JPY/USD
Trade closed: target reached
All targets was reached !
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