🔔 USDJPY LONG-TERM SHORT

4. Feb. 2020

We have an IC point at the top of the swing right above an Imbalance in the market where I would like to see price close the gap in the market which is highly anticipated. A move upwards to 111.960 (our O.P.E) will mean a move into the 978-886 fib region which is a region of high reversal. This set-up may work or we could potentially see price drive higher to our 11.850 IC level to satisfy that candle. If this set-up is successful, we would have a 30 pip risk for a potential 860 pip swing to our -0.27 golden profit level; 1:28 risk/reward ratio.