This an idea on a selling opportunity for USDJPY on a 1hr timeframe. Lower timeframe (15m/5/1m) confirmation will be used for further confluence. There is an Asian high above the current price and just before the 1hr supply area. I will need the market to take out this high and from there I will look for Wyckoff distribution on lower timeframes before taking a short position.
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.