🧠:
During the current Asian session, I expect the market to **grab some liquidity** below recent lows before initiating a bullish move.
From a broader perspective, USDJPY is setting up for a **bullish continuation** over the next few days. My directional bias is supported by a combination of key factors:
🔍 **Key Elements of This Analysis:**
- **Market Structure:** The current downtrend has started to show signs of exhaustion, and a **change of character (CHOCH)** has been observed in lower timeframes.
- **Fair Value Gaps (FVG):** Price is consolidating around a clear imbalance zone. A pullback into this FVG is expected to act as a springboard for the next bullish leg.
- **Liquidity Sweep:** The market is likely to sweep lows for liquidity before pushing higher, aligning with typical behavior during the **Asian range**.
- **Trend Context:** The higher timeframe structure still favors a bullish retracement or reversal, especially if price holds above the lower key level at **141.75–141.67**.
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🎯 **Key Levels:**
- **Liquidity Zone:** 142.09 – 141.67
- **Bullish Target Zones:**
- TP1: 144.15
- TP2: 147.38
- Final target: 149.08
🛡️ Risk Management
My stop is placed below the identified liquidity zone, maintaining a clean **risk-to-reward structure** that aligns with my daily bias.
This trade idea aligns with my daily execution model combining **trend, liquidity, FVG zones**, and **CHOCH** confirmation. As always, manage risk and stay sharp.
— Emerson Massawe
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.
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.