Aleksandar_Rose
Short

USDJPY - Structure Trade

FX:USDJPY   U.S. Dollar/Japanese Yen
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I have my eyes on potential structure trade on 1H, USDJPY             - looking for shorts.
If you look left you will see that price closed lower than PB             (PullBack), confirming a bearish rotation in the market.
We can clearly see a kill zone(blue box) between previous PB             and structure - and it should come as a surprise for you that price hit that kill zone and reversed.
I'm expecting price to test once again the that cycle top forming a Double Top with RSi being overbought on left top.
Stops will be based on that Double Top , for targets - retesting the NSL. We will get a little bit more than 1:2 Risk/Reward for that bearish rotation opportunity.

Good Luck!

-Alex
Professional Currency Trader & Owner of http://www.beaprofitabletrader.com

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