077

Type

Live

Date

May 17, 2022

Pair

#usdjpy

TP1

TP2

Concepts

#Order_Block#Liquidity#Breaker#Nested_Blocks#trendline

TRADE RESULT

10R final target

BIAS & PAZ

#trendline #liquidity #order_block

SETUP

#RP14 #nested_blocks

NOTES

Price started making lower lowers and lower highs, creating a bearish bias for us. Price pulled back correctively and left clean #liquidity just underneath a bearish #orderblock. This came in right around the down #trendline for our Potential Action Zone. On the 5min timeframe, we can see price broke the liquidity and then broker below the #breaker block. It also formed a bearish #order_block on the 5min, to form a #RP14 or #nested_blocks setup for us. We caught the perfect entry, and although we took some off at 5R, this reached well over 10R by just targeting new lows.