POTENTIAL USDJPY REVERSAL TRADE...SWING TRADE OPPORTUNITY
Hello everyone! Hope you guys are all seriously doing amazing...just wanted to come on here and make a post for potential I see on USDJPY! So let's dive right in!
Here is the breakdown for what I see and what I will be using each timeframe for with this potential setup!
Weekly Timeframe (1W): **coming off multi-decade highs/ all time highs from July of 2024
**previous weekly candle was a very strong bearish engulfing (showing us potential reversal/continuation)
Daily Timeframe (1D): **daily broke structure and breach lows around 151.400
**now in a bearish trend
**waiting for pullback into supply zone/ with fib confluence
4 Hour (hourly) Timeframe (4H: **strong momentum from the sellers
**watching buyer momentum coming back into supply
**look to see how price forms when coming into supply for potential shorts
ALRIGHT guys! That is my breakdown for USDJPY nice and simple. Very straight forward potential higher timeframe reversal trade here especially now with the daily forming that lower lower in price with strong sellers! Big clues!
Hope you all enjoyed please boost this post and follow my page for more high quality content! Have a blessed one!
Cheers
Here is the breakdown for what I see and what I will be using each timeframe for with this potential setup!
Weekly Timeframe (1W): **coming off multi-decade highs/ all time highs from July of 2024
**previous weekly candle was a very strong bearish engulfing (showing us potential reversal/continuation)
Daily Timeframe (1D): **daily broke structure and breach lows around 151.400
**now in a bearish trend
**waiting for pullback into supply zone/ with fib confluence
4 Hour (hourly) Timeframe (4H: **strong momentum from the sellers
**watching buyer momentum coming back into supply
**look to see how price forms when coming into supply for potential shorts
ALRIGHT guys! That is my breakdown for USDJPY nice and simple. Very straight forward potential higher timeframe reversal trade here especially now with the daily forming that lower lower in price with strong sellers! Big clues!
Hope you all enjoyed please boost this post and follow my page for more high quality content! Have a blessed one!
Cheers
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