Possible long on USDJPY if 108.400 holds.
1. Expecting the bullishness on the weekly to last a bit more.
2. Daily has been forming a downward trending structure that seems to be slowing down.
Could shift to the upside if 108.400 holds.
3. Demand zone on the 4H has been marked.
4. Noticed trendline being formed. This could be taken out for the liquidity below it.
(This action could be seen as tapping into the demand zone.)
This also applies to the equal lows that can be seen on lower tf. (15m)
5. If that happens, could wait for accumulation followed by a break of the previous swing highs before looking to long at any demand zone formed.
2. Daily has been forming a downward trending structure that seems to be slowing down.
Could shift to the upside if 108.400 holds.
3. Demand zone on the 4H has been marked.
4. Noticed trendline being formed. This could be taken out for the liquidity below it.
(This action could be seen as tapping into the demand zone.)
This also applies to the equal lows that can be seen on lower tf. (15m)
5. If that happens, could wait for accumulation followed by a break of the previous swing highs before looking to long at any demand zone formed.
Order cancelled