USDJPY H4
Prices tapped into the daily resistance area @ 110.800, made a sell-side move, breaking structures, creating new lows and now making what seems like pullback before a continuation short.
We identified 2 major areas for SELL positions, mainly @109.400 area as well as 110.300 area.
If prices doesn't hit any of our crucial structures, we will be looking for a short-term LONG position @108.400 for an upside move towards 109.400.
Prices tapped into the daily resistance area @ 110.800, made a sell-side move, breaking structures, creating new lows and now making what seems like pullback before a continuation short.
We identified 2 major areas for SELL positions, mainly @109.400 area as well as 110.300 area.
If prices doesn't hit any of our crucial structures, we will be looking for a short-term LONG position @108.400 for an upside move towards 109.400.
Comment:
Eventually taps into our demand zone, for a 1:4 trade!