USDJPY Short Entry (Feb 8)

CONFLUENCE

• Retest of resistance turned support(more evident on 4HR TF)
  
• Strong Bearish push
  
• Long Wicks
  

Risk

• 1% per trade
  
• SL placed based on current market structure. Placed slightly below long wick of prev . candle.
  
• Dynamic Stop loss. Stop loss will be removed based on market structure(Breaks of highs + Lows)
  

Reward

• Reward based on market structure.
  

Psychology

• I feel confident of my trade and analysis. I'll come back to update how it wentUSDJPY