USDJPY BUY USING PO3 ? (market cycles)
hello guys i hope you are having a good week ,
today i am looking at USDJPY
this weekly candle on usdjpy closes as a hammer looking like candle indicating buy.
for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle that will do the manipulation.
my point of interest is the Orderblock/Demand zone on the 1Dtf i will llook for entries in that area it also serves as a rejection block we can see a candle leaving a big whick in that area.
but i have to be careful since the price is on the 150 zone this zone is notorious because of the manipulations caused by bank of japan in that price range it is also a psycological level that the price has been testing for a while now so my tp will not be crazy .
keep in mind very very action packed week ahead trade safe !
today i am looking at USDJPY
this weekly candle on usdjpy closes as a hammer looking like candle indicating buy.
for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle that will do the manipulation.
my point of interest is the Orderblock/Demand zone on the 1Dtf i will llook for entries in that area it also serves as a rejection block we can see a candle leaving a big whick in that area.
but i have to be careful since the price is on the 150 zone this zone is notorious because of the manipulations caused by bank of japan in that price range it is also a psycological level that the price has been testing for a while now so my tp will not be crazy .
keep in mind very very action packed week ahead trade safe !
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