Best Entries of the Week series - USDJPY - 06/07/23

9 de jul. de 2023

USDJPY has been showing a strong uptrend, respecting the ascending trendline region, followed by a consolidation phase. In my view, this presents a promising selling opportunity. As you can see, I patiently waited for the break of structure, followed by a retracement to the order block region, confirming our selling entry. (Entry price: 144.310, risk-reward ratio 1:2, stop: 144.746, TP: 143.437).