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Jimmy_Rebello
Feb 12, 2024 12:19 PM

USD JPY trade setup  Long

USD/JPYOANDA

Description

price is reversing from 149.578 without testing resistance which mean a lack of buying liquidity
the following previous green long candles left behind imbalance which have created fair value area
with applying fib to draw the PD area
149 to 148.781 is above discount zone which will hold less impact

whereas 148.500 to 148.300 is the zone where we can look for trade and for the target of 149.995 and stop loss based on risk taking capability
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