USD/JPY shorts to clear EQL
Updated
UJ formed some fresh highs last week and then consolidated for a bit on the 1hr and 30 min time frames to form new structure.. I was waiting for a break and retest of this structure to the downside before entering short and looking for price to clear those equal lows below and also a retracement on the USD overall this week. I'll be moving stops to break even or minimal profit once price pushes 20-25 pips into profit for a risk free trade.. fundamental news still impacting the market hard right now.
Note
Beautiful drop, trade running risk free
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