USDJPY . BULLS !!
from the current price action, we observe the outer structurer and inner structure both are in a bullish sentiment.
form the current position we notice that we have two possible out come , 1 that the price action forms a visible structure from this point either from 4 hrs time frame or even 1 hrs. timeframe on the formation and break of this structure and close above it we will hop into the lower time frames for a bull position
2 the price might close below the formed structure and after closing we will look for a short position on the lower timeframe structure.
form the current position we notice that we have two possible out come , 1 that the price action forms a visible structure from this point either from 4 hrs time frame or even 1 hrs. timeframe on the formation and break of this structure and close above it we will hop into the lower time frames for a bull position
2 the price might close below the formed structure and after closing we will look for a short position on the lower timeframe structure.
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