U.S Dollar / Japanese Yen 1.h
Hello again,
Dear friends, according to our previous discussion, I have analyzed the 1-hour chart of the Japanese Yen and created a simple and clear chart for you.
Dear friends, this chart clearly shows the beautiful movements of the Yen, which I will explain to you.
In the first structure, you see that after the BOS, it executes a structure for a Hunter correction. Then it moves quickly towards the Order Block Disgional.
Since there wasn't enough liquidity in this Order Block, it continues its downward movement to the Order Block Extreme, and after providing an upward confirmation, it becomes confirmed.
Then, with a quick drop to the Order Block Single Candle, it again moves up to BOS. This scenario is repeated in the daily and weekly time frames as well.
Now we have a 1-hour Order Block Extreme. You need to get confirmation in the 5-minute time frame; that is, have a CHOCH in the 5 minutes and then proceed with a quick entry and use a stop-loss from the 1-hour time frame to achieve BOS.
How beautiful and clear this chart is! If you reach this chart along the way, I recommend using the 5-minute structure. Stay profitable and stable!
There is always an opportunity for trading. Rushing destroys the position, while acting slowly misses the opportunity... so be careful.
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
Dear friends, according to our previous discussion, I have analyzed the 1-hour chart of the Japanese Yen and created a simple and clear chart for you.
Dear friends, this chart clearly shows the beautiful movements of the Yen, which I will explain to you.
In the first structure, you see that after the BOS, it executes a structure for a Hunter correction. Then it moves quickly towards the Order Block Disgional.
Since there wasn't enough liquidity in this Order Block, it continues its downward movement to the Order Block Extreme, and after providing an upward confirmation, it becomes confirmed.
Then, with a quick drop to the Order Block Single Candle, it again moves up to BOS. This scenario is repeated in the daily and weekly time frames as well.
Now we have a 1-hour Order Block Extreme. You need to get confirmation in the 5-minute time frame; that is, have a CHOCH in the 5 minutes and then proceed with a quick entry and use a stop-loss from the 1-hour time frame to achieve BOS.
How beautiful and clear this chart is! If you reach this chart along the way, I recommend using the 5-minute structure. Stay profitable and stable!
There is always an opportunity for trading. Rushing destroys the position, while acting slowly misses the opportunity... so be careful.
Fereydoon Bahrami
"A retail trader in the Wall Street trading Center (Forex)."
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