USDJPY - POTENTIAL SHORT ENTRY
USDJPY - Price seems to be trading towards in a bullish direction upwards, towards a key order block for potential sells, retracement down to potentially, the next order block.
Impulse Short entries can be taken once price retest the resistance region.
We had our sell limits set up with potential downside in the R:R ratio of 1:4.
SELL LIMIT ORDER
R:R ratio 1:4
E/P: 139.250
T/P: 136.450
S/L: 139.900
TP - Green Zone
SL - Red Zone
Impulse Short entries can be taken once price retest the resistance region.
We had our sell limits set up with potential downside in the R:R ratio of 1:4.
SELL LIMIT ORDER
R:R ratio 1:4
E/P: 139.250
T/P: 136.450
S/L: 139.900
TP - Green Zone
SL - Red Zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.