Pair Name : USDJPY
Time Frame : 1HR
Scale Type : SMALL
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr Support area and has had a false break above the previous 4hr high which presents it self as equal highs on the 15 min timeframe there are also gaps to be filled
Reason for trade
FVG (imbalance) to be filled
Price trading at 4hr resistance & a false break above, the previous 4hr high
DXY is bearish
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!! also Tomorrow is NFP ( non farm - payroll )
Time Frame : 1HR
Scale Type : SMALL
price has broken structure to the downside on the 1 min and 5 min and is now trading at a 4hr Support area and has had a false break above the previous 4hr high which presents it self as equal highs on the 15 min timeframe there are also gaps to be filled
Reason for trade
FVG (imbalance) to be filled
Price trading at 4hr resistance & a false break above, the previous 4hr high
DXY is bearish
price has made a significant retracement into the 61.80 area
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!! also Tomorrow is NFP ( non farm - payroll )
Trade closed: stop reached