USDJPY 1hr
Reason for this setup price action broke the downtrend forming a CHoCH and retest of the demand zone. for stronger confirmation it should break the the 152.27 and doing a retest. This however is a valid setup although riskier.
Target on 153.84 with an R:R of 1:4
Target on 153.84 with an R:R of 1:4
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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.