Price formed a basic CHoCH after sweeping sell-side liquidity and creating a temporary low. A short setup was taken from a lower timeframe supply zone, aligned with bearish order flow and rejection at imbalance.
🔹 Sell-side Liquidity Sweep
🔹 CHoCH Confirmation
🔹 Rejection from Supply
🔹 Expecting bearish continuation if price holds below 146.52
Invalidation: If price closes above the LQ CHoCH zone, I’ll shift bias to longs. Until then, I’m holding the short narrative.
#SMC #USDJPY #OrderFlow #LiquiditySweep #FXTradingClub #PriceAction #CHoCH
🔹 Sell-side Liquidity Sweep
🔹 CHoCH Confirmation
🔹 Rejection from Supply
🔹 Expecting bearish continuation if price holds below 146.52
Invalidation: If price closes above the LQ CHoCH zone, I’ll shift bias to longs. Until then, I’m holding the short narrative.
#SMC #USDJPY #OrderFlow #LiquiditySweep #FXTradingClub #PriceAction #CHoCH
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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.