POTENTIAL USDJPY SELL SETUP
Updated
Potential liquidity buyside liquidity grab. Impulsive sell move. Potential entry on the retracement. Targeting to fill the void below for rebalancing. Potential of a 4:1 RRR trade or more. Manage the trade accordingly if triggered.
Trade active
Triggered both my 2 entries. Update on possible target until tomorrow or Friday if this trade does not return to my stoploss. Already taken partial profits. Possible Final target might be the equal lows for a 22:1 RRR trade.Trade closed: stop reached
Rest of the positions were stopped out. Good thing I was able to get out some partial positions on the 1st TP. Overall in small profit on this one. Nevertheless, though my stop was hit, I still had the correct direction on this one. Potential target on this one would be the equal lows below to purge those resting liquidity.
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