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 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 with being overbought on left top.
Stops will be based on that , for targets - retesting the NSL. We will get a little bit more than 1:2 Risk/Reward for that rotation opportunity.
Professional Currency Trader & Owner of http://www.beaprofitabletrader.com
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