USD/JPY - Bullish Bias
🔹 4H Timeframe:
• Broke major Higher High (HH) → External structure remains bullish.
• Took out inducement before retracing into an internal structure order block (demand zone).
• Expecting a continuation to the upside.
🔹 30M Timeframe:
• Liquidity sweep at the lows → Preparing for a potential reversal.
• Now waiting for CHoCH + break of major LH for confirmation.
• Plan: If CHoCH confirms, look for an order block retest entry to ride the trend higher.
🎯 Target: Next external high.
🛑 Invalidation: If price fails to reclaim previous structure and starts forming LHs & LLs.
• Broke major Higher High (HH) → External structure remains bullish.
• Took out inducement before retracing into an internal structure order block (demand zone).
• Expecting a continuation to the upside.
🔹 30M Timeframe:
• Liquidity sweep at the lows → Preparing for a potential reversal.
• Now waiting for CHoCH + break of major LH for confirmation.
• Plan: If CHoCH confirms, look for an order block retest entry to ride the trend higher.
🎯 Target: Next external high.
🛑 Invalidation: If price fails to reclaim previous structure and starts forming LHs & LLs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.