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U.S. Dollar / Japanese Yen
Short

USDJPY

By hklns
Updated
Overall bearish bias from HTF to LTF. We can see that there shift from
demand to supply has occurred on LTF . I am using 15m for LTF narrative, 4h hour for mid TF and Daily for HTF.

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Daily Narrative
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4h Narrative
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SBR
Trade active
Trade closed: stop reached
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Bias change from bearish to bullish , non tradeable state at the moment. It seems that when market make a drastic pullback in form of engulfing or single candle pullback , the probability of winning trade lessen. Overall HTF direction is still intact. We should wait for bearish bias once again.
Supply and DemandSupport and Resistance
hklns

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