USDJPY LONG FORECAST Q2 W16 D14 Y25
We caught a the long play for a similar setup. We need more this time around.
Why? To be sure of the weekly order block rejection. Compared to EURUSD and EURGBP for example... That is the type of weekly order block rejection we prefer. With that said we will not give up on USDJPY. We simply must await more levels of confluences.
15' break of structure, Order block creation as a result of the BOS. Pull back into area, lower time frame break of structure.
Let's see what USDJPY provides us with.
FRGNT X
We caught a the long play for a similar setup. We need more this time around.
Why? To be sure of the weekly order block rejection. Compared to EURUSD and EURGBP for example... That is the type of weekly order block rejection we prefer. With that said we will not give up on USDJPY. We simply must await more levels of confluences.
15' break of structure, Order block creation as a result of the BOS. Pull back into area, lower time frame break of structure.
Let's see what USDJPY provides us with.
FRGNT X
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Related publications
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.