Direction: Short
Entry: 159.408
Stop-Loss: 69 points (0.069) above entry
➡️ SL = 0.438 %
Risk-Reward: 1 : 2.35
USDJPY has reacted strongly from the premium supply zone and is showing signs of exhaustion near the upper trendline of the descending structure.
Current price action suggests a potential reversal as liquidity above the previous swing has been swept, followed by bearish displacement.
🔍 Why this trade?
Price tapped into an overextended premium zone
Break of structure and shift in market momentum
Trendline rejection aligning with supply
Strong risk-reward with defined invalidation
Entry: 159.408
Stop-Loss: 69 points (0.069) above entry
➡️ SL = 0.438 %
Risk-Reward: 1 : 2.35
USDJPY has reacted strongly from the premium supply zone and is showing signs of exhaustion near the upper trendline of the descending structure.
Current price action suggests a potential reversal as liquidity above the previous swing has been swept, followed by bearish displacement.
🔍 Why this trade?
Price tapped into an overextended premium zone
Break of structure and shift in market momentum
Trendline rejection aligning with supply
Strong risk-reward with defined invalidation
Trade active
after gapup modied entry :: 159.792 sl :: 69 pips
tp:: same a before...
Trade closed: target reached
closed at 158.758
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.