Bearish Gartley (Blue) and Bearish Crab (Orange)
Both RSI and OBV seem to be heading into resistance. RSI currently at 65 so not a whole lot of room to go up. Looking for OBV/RSI to break below trendlines.
Red box is important order block on the 4H in this price range, 132.2 makes sense for SL.
1W cloud just turned bearish and USDJPY has formed bearish butterfy; Black horizontal is important weekly S/R
Entering at 131.35 with orders layered up to 131.9
Initial targets of 129;128.5
Both RSI and OBV seem to be heading into resistance. RSI currently at 65 so not a whole lot of room to go up. Looking for OBV/RSI to break below trendlines.
Red box is important order block on the 4H in this price range, 132.2 makes sense for SL.
1W cloud just turned bearish and USDJPY has formed bearish butterfy; Black horizontal is important weekly S/R
Entering at 131.35 with orders layered up to 131.9
Initial targets of 129;128.5