USDJPY
Over the past two months, the price has been on a downward trend, with a brief pullback in August. On the daily timeframe, a bearish order block has contributed to this downward movement.
On the 4-hour chart, a bearish break of structure (BOS) is evident. I anticipate a notable pullback within the current 4-hour range, which should bring the price back to a premium level suitable for a sell opportunity, ideally at a 4-hour bearish order block.
Currently, the price is consolidating and creating sell-side liquidity to potentially move higher.
**Disclaimer:** The information provided is for educational and entertainment purposes only and does not constitute financial advice.
Entry Price: 142.102
Stop Loss: 142.104
Take Profit: 137.244
Soft Invalidation: If price closes above 4H OB I would close take the loss and close the trade.
Also apply proper risk management...!!!
On the 4-hour chart, a bearish break of structure (BOS) is evident. I anticipate a notable pullback within the current 4-hour range, which should bring the price back to a premium level suitable for a sell opportunity, ideally at a 4-hour bearish order block.
Currently, the price is consolidating and creating sell-side liquidity to potentially move higher.
**Disclaimer:** The information provided is for educational and entertainment purposes only and does not constitute financial advice.
Entry Price: 142.102
Stop Loss: 142.104
Take Profit: 137.244
Soft Invalidation: If price closes above 4H OB I would close take the loss and close the trade.
Also apply proper risk management...!!!
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.