Very Bearish on USDJPY
There is this cycle that the market undergoes, after a pump that seems unreal what follows is a hard dump.This scenario holds true in a lot of pairs I have examined and in various timeframes too.
I understand that this is a game of probability and only the setup with the highest chances of success should be considered. This is my setup of UJ and my bias is very bearish and this bias is reinforced by the fact that the previous order block was violated creating a new high and this might seduce traders to open buy positions, collecting orders before the epic reversal.
I understand that this is a game of probability and only the setup with the highest chances of success should be considered. This is my setup of UJ and my bias is very bearish and this bias is reinforced by the fact that the previous order block was violated creating a new high and this might seduce traders to open buy positions, collecting orders before the epic reversal.
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