After a sharp bullish run price tapped into the liquidity zone and showed signs of rejection at
strong resistance, suggesting exhaustion of buyers. we now expect a potential correction phase or a bearish reversal.
TRADE IDEA: We consider selling #USDJPY only on consolidation below 146.80;
TARGET: 145.50
SL: Above 147.200 (liquidity sweep)
watch for clean break and retest of mid-support for confirmation ideal setup for intraday traders.
Smart trading isn't about prediction it's about preparation lets the market come to you.
Like & comment if you find this analysis helpful!
TEAM: PRICE ACTION MATRIX
strong resistance, suggesting exhaustion of buyers. we now expect a potential correction phase or a bearish reversal.
TRADE IDEA: We consider selling #USDJPY only on consolidation below 146.80;
TARGET: 145.50
SL: Above 147.200 (liquidity sweep)
watch for clean break and retest of mid-support for confirmation ideal setup for intraday traders.
Smart trading isn't about prediction it's about preparation lets the market come to you.
Like & comment if you find this analysis helpful!
TEAM: PRICE ACTION MATRIX
Trade active
Trade closed: stop reached
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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.