This is what I'm waiting to see on this pair. it is currently making lower lows and lower highs. Waiting for price to mitigate that order block with liquidity resting right below it. Then wait for lower time frame confirmation and I think price will continue lower to fill the FVG on the daily time frame. What do you think?
We are currently bearish on the daily timeframe and price just came into a very strong resistance level/order block with the daily stochastic RSI in the way overbought territory. I am in on shorts from 1.27500 and looking to hold it unless price says otherwise.
Overall on the higher timeframes, we are bearish. I will be looking for sells in this POI and waiting for price action to change on the lower timeframes before entering a trade. What are your thoughts?
LONG THEN SHORT. USD/JPY is making lower lows and lower highs. There is a FVG @147.600 area that will most likely get filled with heavy resistance right above where I am expecting price to drop and take out the low.
This pair is currently making lower lows and lower highs and I am waiting for price to pull back into the 50-60% fibb. From this area I would look for an entry with lower time frame confirmation and ride it back down to the low. Don't enter blindly and wait for confirmation.
