USD/JPY schould the bears take their chance ?
In recent weeks, we’ve seen a massive bullish movement. I believe many have been anticipating a bearish pullback or pivot. The market has now entered my daily supply zone, with indicators suggesting a potential bearish move ahead.
Switching to the 4-hour timeframe, I don’t see a supply zone that meets my criteria when looking to the left. I’ll wait for the market to establish a current supply zone, which could present an entry opportunity soon.
What I’m looking for now is a clear rejection favoring the bears to confirm a strong bearish move.
Note
Stil in Daily Suply zone, created a new 4-Hour supply zone. If the candle closes as a rejection i go in for a Short.
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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.