Potential Setup as per the below
Bias – Bearish
The Yen is weak currently so expecting this to continue bullish for now, although overall structure on this pair is bearish.
Option 1 – Wait for price to retrace back to the key level creating a double top , taking out liquidity and then move down with bearish momentum.
Option 2 – If price continues to stall and consolidate at the current 4hr structure point, look for an opportunity to take this short back down to the lows.
Bias – Bearish
The Yen is weak currently so expecting this to continue bullish for now, although overall structure on this pair is bearish.
Option 1 – Wait for price to retrace back to the key level creating a double top , taking out liquidity and then move down with bearish momentum.
Option 2 – If price continues to stall and consolidate at the current 4hr structure point, look for an opportunity to take this short back down to the lows.