TheAlcoveFx
Short

Structure Opportunity USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey Traders,

So After Getting our butts kicked with all these patterns this week, we have a Structure opportunity we can take advantage of. This is a very simple trade and one of my favorite structure set ups because it allows me to be aggressive with limited risk. We broke a level of support we are coming back up to re-test, from what we understand in the markets, previous support becomes resistance, we have a place for stops, we have targets. You can definitely wait for a candlestick formation to help confirm the trade, but when I have set ups like this with good RR, I can afford to enter more aggressively.

If you have any questions, feel free to comment below
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Related Ideas

Once again, eyeing up the same setup
Reply
TheAlcoveFx Akil_Stokes
a month ago
Lol, structure left some clues for us and we picked them up
+1 Reply
ZeziScalper TheAlcoveFx
a month ago
The charts are like a crosswalk, LOOK LEFT! :D
Reply
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