Best Entries of the Week series - USDJPY - 06/07/23
USDJPY has been showing a strong uptrend, respecting the ascending trendline region, followed by a consolidation phase. In my view, this presents a promising selling opportunity. As you can see, I patiently waited for the break of structure, followed by a retracement to the order block region, confirming our selling entry. (Entry price: 144.310, risk-reward ratio 1:2, stop: 144.746, TP: 143.437).
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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.