Based on USDJPY daily chart, the recent Change of Character, ChoCh, followed with a bearish harami pattern and coupled with a bullish Trendline break.
A Fair Value Gap, FVG, found near 61.8% of the current pull back, which suggest a possible drop from current price to FVG and possibly a rise to 150.
Entry Price: 142.80
Stop Loss: 141.80
Take Profit: 150.25
Reward to Risk Ratio: 7.45
A Fair Value Gap, FVG, found near 61.8% of the current pull back, which suggest a possible drop from current price to FVG and possibly a rise to 150.
Entry Price: 142.80
Stop Loss: 141.80
Take Profit: 150.25
Reward to Risk Ratio: 7.45
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Price did not have pull back, so this setup missed the trade.