USDJPY - 26th October, A Good Outcome
After identifying the BOS (break of structure) we looked for the imbalances left behind along the BOS movement.
We could have executed some positions when the 4-hour imbalance was re-priced and caught some good movements, but we were not online :)
Since the 1-hour imbalance was left behind we targeted that area for a new Sell Limit and this was the result.
For our TP we targeted the old low of the new structure and for our SL the bullish order block above the imbalance made in the BOS movement.
Regards,
Team PRFX
We could have executed some positions when the 4-hour imbalance was re-priced and caught some good movements, but we were not online :)
Since the 1-hour imbalance was left behind we targeted that area for a new Sell Limit and this was the result.
For our TP we targeted the old low of the new structure and for our SL the bullish order block above the imbalance made in the BOS movement.
Regards,
Team PRFX
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