USDJPY OUTLOOK
Price trading inside bearish channel and might retest the previous key order block where it rejected twice in recent time, marking it as a prominent point of interest for us.
If it reaches there again, there might be a potential opportunity for a buy.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse long entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:8.
Price trading inside bearish channel and might retest the previous key order block where it rejected twice in recent time, marking it as a prominent point of interest for us.
If it reaches there again, there might be a potential opportunity for a buy.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
Impulse long entries can be taken once price rejects that region.
We had our sells set up with potential downside in the R:R ratio of 1:8.