USD/JPY BEARISH MOVE As you can see FX:USDJPY is in a retest and retrace area. This is a point of interest in the market to create massive profit and oppurtunity.
The yellow lines will represent the supports and resistance and the pink lines will represent liquidity resting below.. Understand this.... MARKET WILL ALWAYS TARGET PRICES THAT HAVE THE MOST LIQUIDITY.
Now by understanding that we can understand that there is a lot of liquidity resting below ..So price will sweep liquidity upwards so It may have massive moves downwards.. Market will sweep liquidity price 153.440 and 151.956 before making it massive move down towards price 139.702..
My entry will be 153.440 and Tp will be set to 145.960
Allow price to sweep liquidity and touch the trendline we want to see trend line be respected and want to see price move downwards .. Also keep an EYE on JPYX its price movement matters if JPYX is moving upwards FX:USDJPY WILL MOVE DOWN AND IF PEPPERSTONE:JPYX IS MOVING DOWNWARD YOU WILL SEE FX:USDJPY MOVE UPWARD.
Happy trading lets create opportunity's and profits.. Time to start printing