USD/JPY Short idea
We had a nice bearish BOS, with a volatile move.
Implying that sellers are active from within the markets,
and my overall bias for the dollar is Bearish.
Also if we scale down to LTF such as the M10 TF, we can see an order block, were orders were placed at.
I'm looking too take a risk entry around the M10 OB my SL is right above that candle high.
Finally, if we analyze what prices are doing right now, they are accumulating orders, and creating liquidity aka EQL's.
And we know that prices are magnetize towards EQL's and EQH's.
My TP is targeting the M2 OB that broke those micro structure on LTF.
Be disciplined and trade at your own risk.
Be aware that we have FOMC meeting later today, markets can be unpredictable during those meetings.
Soo just be careful when trading, and mange trades according too your plan.
Implying that sellers are active from within the markets,
and my overall bias for the dollar is Bearish.
Also if we scale down to LTF such as the M10 TF, we can see an order block, were orders were placed at.
I'm looking too take a risk entry around the M10 OB my SL is right above that candle high.
Finally, if we analyze what prices are doing right now, they are accumulating orders, and creating liquidity aka EQL's.
And we know that prices are magnetize towards EQL's and EQH's.
My TP is targeting the M2 OB that broke those micro structure on LTF.
Be disciplined and trade at your own risk.
Be aware that we have FOMC meeting later today, markets can be unpredictable during those meetings.
Soo just be careful when trading, and mange trades according too your plan.
Related publications
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.