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U.S. Dollar / Japanese Yen
Long

USD/JPY

By makerup
USDJPY

- Very interesting here when we zoom out on the 4H
- If we anticipate price action to continue upwards, we have price at the 4H BreakerBlock, which is right above the 50% fib.
- Then drilling down to the 15m, we're looking for a structural break to the upside for an entry
- If price continues to head down, this will invalidate the 15m entry long
- I then need to look around the 4H 50-79% fib levels for another shot at going long, as this level does not break the recent HL on the 4H.
Chart PatternsictictconceptsTechnical IndicatorsjapaneseyenluxalgoorderblocksorderflowsmctradingTrend AnalysisUSDJPYDJ FXCM Index
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