USD\JPY 1H Analysis With two separate Trades + SL + TP
Over the last week we have seen USD\JPY recover from the sharp move to the downside last Thursday.
After almost recovering price entered a range and has remained inside this range the whole week, only breaking through to the downside twice before quickly entering back into the range.
Next week we could see an instant move to the downside from the top of the sideways range, or we could see price make its way up to an area of resistance at 145.860 before then moving downwards.
For entering a short position you can enter at the top of the range with a SL at the top order block and a TP of 1:2.
In addition to this you could also enter after price moves to the upward order block with a TP of the lower range and a SL of 2:1.
Good Luck!
After almost recovering price entered a range and has remained inside this range the whole week, only breaking through to the downside twice before quickly entering back into the range.
Next week we could see an instant move to the downside from the top of the sideways range, or we could see price make its way up to an area of resistance at 145.860 before then moving downwards.
For entering a short position you can enter at the top of the range with a SL at the top order block and a TP of 1:2.
In addition to this you could also enter after price moves to the upward order block with a TP of the lower range and a SL of 2:1.
Good Luck!
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