USDJPY HIGHER CONTEXT IDEAS
Base on distribution while approaching to its supply of last october 2022 @ 147.500 zone
Distribution comes with buying climax, as I refered ideas before a breaker order block.
Now were approaching the highs called Automatic rally/reactions.
wait below for secondary test, price would break 145.070 on our breaker block high,
after the break, price could make a possible H&S for pattern traders, but it will just react below its demand zone to baits for sellers. and retest back again on its previous AR zone until it reach the 147.500 possible supply.
FOr a better trading wait for that zone. with stoploss above the highs of october 2022.
Trade base on your own decissions, this is not a financial advice, follow for more.
If you want to copy my ideas just give some credit..thanks.
Im not following anyone on this platform, I analyze base on my understanding on markets.
For validity of this setup , see it for yourself in the futures.
Thank you and happy 400+ followers.
Distribution comes with buying climax, as I refered ideas before a breaker order block.
Now were approaching the highs called Automatic rally/reactions.
wait below for secondary test, price would break 145.070 on our breaker block high,
after the break, price could make a possible H&S for pattern traders, but it will just react below its demand zone to baits for sellers. and retest back again on its previous AR zone until it reach the 147.500 possible supply.
FOr a better trading wait for that zone. with stoploss above the highs of october 2022.
Trade base on your own decissions, this is not a financial advice, follow for more.
If you want to copy my ideas just give some credit..thanks.
Im not following anyone on this platform, I analyze base on my understanding on markets.
For validity of this setup , see it for yourself in the futures.
Thank you and happy 400+ followers.
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