On significant resistance level -
USDJPY
40 pips in 4.5 hours
Doji and a following Bearish hanging man - could have entered here, little riskier but better RR
Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going
at either entry point, very little draw down. much easier to trade with less draw down :)
M double top (easier to see with the zigzag)
NY DROP for 40 pips
Risk Reward very nice taking it down to the next major zone
No fancy indicators, just price action and market structure
USDJPY
40 pips in 4.5 hours Doji and a following Bearish hanging man - could have entered here, little riskier but better RR
Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going
at either entry point, very little draw down. much easier to trade with less draw down :)
M double top (easier to see with the zigzag)
NY DROP for 40 pips
Risk Reward very nice taking it down to the next major zone
No fancy indicators, just price action and market structure