With the dollar being bearish I want to see a retracement on USDJPY and then take a short position. You can see what my areas of interest are. I see that the market has also been showing bearish market structure so I don't believe we will return to the Daily Order block. Thats why my SL is there.
Trade closed: target reached:
Beautiful price action on USDJPY, caught 70 pips towards the end of the week!!
I try to provide as much value as I can per trade idea