USD/JPY 4H - As you can see price has recently broken structure to the downside, giving us the confluence needed to suggest further bearishness now in this pair longer term.
Evidently enough Supply has been introduced to give us the flip in the S&D balance and the corrective wave that was trading us higher in a bullish way has now come to an end, why, because we are breaking lows and protecting highs now.
I have gone ahead and marked out an area of interest I feel price will come to trade back up and into, should price trade us into this zone we want to see the same three step process take place before we enter.
We want the penetration, rejection and break of structure, all of which confirm enough Supply has been introduced to now flip the fractal corrective wave followed after the initial break.
Evidently enough Supply has been introduced to give us the flip in the S&D balance and the corrective wave that was trading us higher in a bullish way has now come to an end, why, because we are breaking lows and protecting highs now.
I have gone ahead and marked out an area of interest I feel price will come to trade back up and into, should price trade us into this zone we want to see the same three step process take place before we enter.
We want the penetration, rejection and break of structure, all of which confirm enough Supply has been introduced to now flip the fractal corrective wave followed after the initial break.
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Related publications
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.