USDJPY 1h Bear Cypher with Structure
Stops are placed a little higher this time because of second structure which gives the Risk to Reward of 1 : 0.94. But this seems like a good trade because of price running all night to this structure area. But do make sure to take profits at the 38% retracement as there is structure there and if this Bull trend continues this is where it will find support.
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.