USDJPY – 4H Rally-Base-Drop in Daily Supply
Price has rallied into a high-quality 4H Rally-Base-Drop supply zone, which is nested cleanly inside a Daily supply zone—offering strong confluence for a short setup.
I'm anticipating a reaction from this institutional imbalance area, with price rejecting from the 148.260–148.735 zone. The target is down toward 145.228, creating a potential 1:3+ RRR.
Price has rallied into a high-quality 4H Rally-Base-Drop supply zone, which is nested cleanly inside a Daily supply zone—offering strong confluence for a short setup.
I'm anticipating a reaction from this institutional imbalance area, with price rejecting from the 148.260–148.735 zone. The target is down toward 145.228, creating a potential 1:3+ RRR.
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.
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.