Hey traders 👋
Here's a setup I’m currently watching on USDJPY.
We just saw price react sharply from a clear supply zone around 149.90 – 150.00, which aligns perfectly with a previous structure and imbalance area.
After a solid bearish rejection candle, I entered short with the expectation of a continued drop, targeting the 148.40 support zone. The RR is decent on this one.
Setup details:
Entry: ~149.58
SL: Above the supply zone (~149.95)
TP: ~148.42
Bias: Bearish
RR: ~3.5R
I’m keeping a close eye on how price behaves around the 149.00 psychological level – any strong reaction might warrant partials or tighter management.
Let me know what you think! Are you shorting too or waiting for confirmation?
Here's a setup I’m currently watching on USDJPY.
We just saw price react sharply from a clear supply zone around 149.90 – 150.00, which aligns perfectly with a previous structure and imbalance area.
After a solid bearish rejection candle, I entered short with the expectation of a continued drop, targeting the 148.40 support zone. The RR is decent on this one.
Setup details:
Entry: ~149.58
SL: Above the supply zone (~149.95)
TP: ~148.42
Bias: Bearish
RR: ~3.5R
I’m keeping a close eye on how price behaves around the 149.00 psychological level – any strong reaction might warrant partials or tighter management.
Let me know what you think! Are you shorting too or waiting for confirmation?
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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.
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.