HORIZON: SHORT-MEDIUM TERM
After breaking above structure level last week with the JPY weakening, price has retraced back to the structure level. As the uptrend remains intact, my bias remains. Price could rebound from this structure level following a successful retest. Otherwise, if price breaks below this structure level, the bias could shift to . This trade setup will be heavily dependent on the risk sentiment of the market this week - weather risk-off or risk-on sentiment will prevail.
TP 1 - 1:1 R:R
TP 2 - 2:1 R:R
Stop loss - below structure level
Let's see how this goes!