SLouise96

USDJPY major pullback or reversal?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
4H TF
- trendline broken, waiting on retest
- FVG intersection with said trendline
- 50% fib level confluent with both of above
- previous breaker block confluent with all of above
- LL created

1H TF
- FVG overlapping 4H FVG

15M TF
- 5 touches just below target entry (LIQUIDITY SWEEP?)
- FVG inside of both HTF FVGS.

ALL of the above intersect within the same PRICE RANGE. Highly probable that a retest and a rejection of all will allow the BEARS to takeover and create a new LH - Entering the start of a potential downtrend if enough liquidity.



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