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samwishrn
Jul 12, 2021 12:01 PM

USD/JPY Short Short

U.S. Dollar/Japanese YenFXCM

Description

HTF BIAS is Bullish, we are starting a contraction from the HTF expansion. This is evident from the HTF BOS to the downside, I have identified a BC which fits my FIB and has IPA in the area. I have set a sell limit at RR 1:5 and a 1% risk at RR 1:37 to meet the Weekly BC/OB.

This fits my trade plan, Thoughts?
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