USDJPY Break & Sell Scalps

20 Tem 2016

USDJPY Daily looks to be heading towards some areas of selling liquidity (high lighted by the cyan dotted lines).

Once the 107.907 has been breached and stops taken, I will look to short for 10-20 pips.

21 Tem 2016

Not

First liquidity point taken.

21 Tem 2016

Not

Now would be a good time to set to break even.

4hr 200 is a good TP.

21 Tem 2016

Not

Liquidity broken to the downside.

21 Tem 2016

Not

Now we have a potential break and buy in the opposite direction for USDJPY on the 15m time frame.

1st liquidity has been taken, 1 more lower to look forward to.