USDJPY analysis for a SELL idea!!!!USDJPY - 4H Chart Sell Analysis
Market Structure & Price Action
• The price has been in an uptrend but is currently rejecting a key resistance zone around 149.796 - 150.000.
• Multiple liquidity grabs (wick rejections) are visible around this area, indicating strong selling pressure.
• A clear double top or liquidity sweep pattern is forming around the highs, signaling a potential reversal.
Key Resistance & Supply Zones
• The red supply zone around 149.500 - 150.000 has been tested multiple times, showing sellers are stepping in.
• Previous support turned resistance zones (highlighted in gray) are aligning with this area.
• The last bullish move failed to break convincingly above 150.000, indicating exhaustion.
Bearish Confirmation
• Price has rejected the supply zone and is currently showing signs of a breakdown.
• If price remains below 149.500, it confirms that sellers are in control.
• The lower high structure aligns with the Smart Money Concept (SMC) of distribution.
Potential Target Areas
• First target: 148.500, aligning with previous demand and a liquidity area.
• Final target: 146.920, where the next major demand zone and liquidity pools are visible.
Trade Setup
• Entry: Below 149.500 after a retest.
• Stop Loss: Above 149.800 - 150.000 (above recent highs).
• Take Profit: 148.500 - 146.920.
Confluence Factors
1. Liquidity Grab: Price spiked above previous highs but failed to sustain.
2. Supply Zone Rejection: Strong rejection from 149.796.
3. Bearish Market Structure Shift: Potential lower high formation.
4. Risk-Reward Ratio: Favorable setup towards 146.920.
Final Outlook
• If price stays below 149.500, bearish momentum should continue.
• A break below 149.126 confirms further downside.
• A close above 150.000 invalidates this sell idea.
