USDJPY - 4H Chart Sell Analysis
Market Structure & Price Action
• The price has been in an uptrend but is currently rejecting a key resistance zone around 149.796 - 150.000.
• Multiple liquidity grabs (wick rejections) are visible around this area, indicating strong selling pressure.
• A clear double top or liquidity sweep pattern is forming around the highs, signaling a potential reversal.
Key Resistance & Supply Zones
• The red supply zone around 149.500 - 150.000 has been tested multiple times, showing sellers are stepping in.
• Previous support turned resistance zones (highlighted in gray) are aligning with this area.
• The last bullish move failed to break convincingly above 150.000, indicating exhaustion.
Bearish Confirmation
• Price has rejected the supply zone and is currently showing signs of a breakdown.
• If price remains below 149.500, it confirms that sellers are in control.
• The lower high structure aligns with the Smart Money Concept (SMC) of distribution.
Potential Target Areas
• First target: 148.500, aligning with previous demand and a liquidity area.
• Final target: 146.920, where the next major demand zone and liquidity pools are visible.
Trade Setup
• Entry: Below 149.500 after a retest.
• Stop Loss: Above 149.800 - 150.000 (above recent highs).
• Take Profit: 148.500 - 146.920.
Confluence Factors
1. Liquidity Grab: Price spiked above previous highs but failed to sustain.
2. Supply Zone Rejection: Strong rejection from 149.796.
3. Bearish Market Structure Shift: Potential lower high formation.
4. Risk-Reward Ratio: Favorable setup towards 146.920.
Final Outlook
• If price stays below 149.500, bearish momentum should continue.
• A break below 149.126 confirms further downside.
• A close above 150.000 invalidates this sell idea.
Market Structure & Price Action
• The price has been in an uptrend but is currently rejecting a key resistance zone around 149.796 - 150.000.
• Multiple liquidity grabs (wick rejections) are visible around this area, indicating strong selling pressure.
• A clear double top or liquidity sweep pattern is forming around the highs, signaling a potential reversal.
Key Resistance & Supply Zones
• The red supply zone around 149.500 - 150.000 has been tested multiple times, showing sellers are stepping in.
• Previous support turned resistance zones (highlighted in gray) are aligning with this area.
• The last bullish move failed to break convincingly above 150.000, indicating exhaustion.
Bearish Confirmation
• Price has rejected the supply zone and is currently showing signs of a breakdown.
• If price remains below 149.500, it confirms that sellers are in control.
• The lower high structure aligns with the Smart Money Concept (SMC) of distribution.
Potential Target Areas
• First target: 148.500, aligning with previous demand and a liquidity area.
• Final target: 146.920, where the next major demand zone and liquidity pools are visible.
Trade Setup
• Entry: Below 149.500 after a retest.
• Stop Loss: Above 149.800 - 150.000 (above recent highs).
• Take Profit: 148.500 - 146.920.
Confluence Factors
1. Liquidity Grab: Price spiked above previous highs but failed to sustain.
2. Supply Zone Rejection: Strong rejection from 149.796.
3. Bearish Market Structure Shift: Potential lower high formation.
4. Risk-Reward Ratio: Favorable setup towards 146.920.
Final Outlook
• If price stays below 149.500, bearish momentum should continue.
• A break below 149.126 confirms further downside.
• A close above 150.000 invalidates this sell idea.
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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.
Telegram Trading Channel - t.me/DBFXTraderChannel
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.