USDJPY ORDER BLOCK 12/19/2020
1 HR TF, USDJPY, SELLS
- BEARISH MARKET CLOSE
- MARKET WILL CONTINUE TO BREAK THE BLUE SUPPORT AND SELL TO GREEN LIQUIDITY ZONE
- GRAB STOP LOSSES SET AT THE GREEN LIQUIDITY ZONE (THIS IS WHERE THE UPTREND STARTED)
- MAKE THE PREVIOUS SUPPORT INTO A NEW RESISTANCE LEVEL (BLUE LINE)
- MARKET WILL REACH 50% OF THE GREEN ORDER BLOCK (HIGHLIGHTED IN PURPLE)
- GRAB LIQUIDITY UNDER THE PURPLE SUPPORT
- BEARISH MARKET CLOSE
- MARKET WILL CONTINUE TO BREAK THE BLUE SUPPORT AND SELL TO GREEN LIQUIDITY ZONE
- GRAB STOP LOSSES SET AT THE GREEN LIQUIDITY ZONE (THIS IS WHERE THE UPTREND STARTED)
- MAKE THE PREVIOUS SUPPORT INTO A NEW RESISTANCE LEVEL (BLUE LINE)
- MARKET WILL REACH 50% OF THE GREEN ORDER BLOCK (HIGHLIGHTED IN PURPLE)
- GRAB LIQUIDITY UNDER THE PURPLE SUPPORT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.