USDJPY Price break new low. Pullback to structure
*Steady downtrend, price break new low
*Pullback to structure
Watch for price action first. Find the bearish signal such as pinbar, inside bar breakdown, or engulfing.
RR Ratio 1.7:1
(Note: Never trade with the money you can't afford to lose)
Good luck.
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*Pullback to structure
Watch for price action first. Find the bearish signal such as pinbar, inside bar breakdown, or engulfing.
RR Ratio 1.7:1
(Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and subscribe to support the author if you find this analysis helpful
Comment:
The price shows bearish signal. But still better to watch price action first in monday before entering the short. Price could go for higher correction/
Comment:
You can put your stop loss in 112.33 for more gap. But personally, i like tighter stop loss and bigger RR ratio.
Trade active
Trade closed: stop reached:
Break the resistance. Exit trade. Our stop loss safe us 45 pips.