If you check previous analysis on USDJPY, I highlighted the low that had to be broken to reverse the price, that happened!
Change of character and then break of structure happened in USDJPY.
Remember that when BOS or CHoCH happens, supply or demand zone is automatically created on the other side.
Supply has created that CHoCH and BOS so we can expect another down move after touching the zone.
Wait for H4 supply mitigation, look for entry on lower timeframes.
Also 15M supply is marked up where can be better entry and gets better RR.
What do you think about this chart? Feel Free and Comment Below!
Change of character and then break of structure happened in USDJPY.
Remember that when BOS or CHoCH happens, supply or demand zone is automatically created on the other side.
Supply has created that CHoCH and BOS so we can expect another down move after touching the zone.
Wait for H4 supply mitigation, look for entry on lower timeframes.
Also 15M supply is marked up where can be better entry and gets better RR.
What do you think about this chart? Feel Free and Comment Below!