Hi all, lets do it. 113.2~114.3 is growing to be the new heavy area (the rectangle box) and it will be the center of the price distribution. Thus USDJPY is now neutral. From another perspective, there is a competitive RR ratio to engage a trade for both side.
The blue one is buy force, they are following trend and targeting to break the year high. With the stable uptrend formed in H4 timeframe, it is good for identify if the trade is valid or even easier to enlarge the position if it went right.
The red one is sell force, they are selling the pull back on weekly basis. The healthy uptrend on H4 is so stable but obvious which made itself becomes the target. The sound uptrend once been broken, a relatively deeper drop would come.
No rush to jump into a trade, create your own confirmation rules, will take action only when USDJPY breaks the rectangle box.
The blue one is buy force, they are following trend and targeting to break the year high. With the stable uptrend formed in H4 timeframe, it is good for identify if the trade is valid or even easier to enlarge the position if it went right.
The red one is sell force, they are selling the pull back on weekly basis. The healthy uptrend on H4 is so stable but obvious which made itself becomes the target. The sound uptrend once been broken, a relatively deeper drop would come.
No rush to jump into a trade, create your own confirmation rules, will take action only when USDJPY breaks the rectangle box.