USDJPY catching liquidity
By building the Fibonacci OTE (optimal trade entry), I've noticed that the 4H order block is perfectly located in the range of 70.5-79% of OTE.
After that, I built two Fibonacci extensions, which confirmed that the marked order block could be the key to entering a short position.
But I would wait for confirmation on lower timeframe, like 15m break of structure to enter short.
After that, I built two Fibonacci extensions, which confirmed that the marked order block could be the key to entering a short position.
But I would wait for confirmation on lower timeframe, like 15m break of structure to enter short.
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.