The reversal of USDJPY 8/9/21

The analysis is based on market structure as at the time of analysis.

Steps:

1 The strong areas of support and resistance are found on the higher time frames
2 Areas are verified on the higher time frame and tweaked if necessary
3 General trend identified.
4 look at entry point on lower time frame.
5 confirm good entry point using fib retracement and lower market structure.
6 calculate risk to reward.
7 enter trade.