USDJPY daily demand in control, lots of chop in the middle..

FX:USDJPY   U.S. Dollar / Japanese Yen
Price Altitude: Middle
Daily Trend: Downtrend
4H Trend: Downtrend

Analysis: USDJPY has axed its way through a daily demand and removed it only to touch a lower demand zone starting @ 110.606. The approach is grinding-ly awful.

Prediction: I am looking for a deeper drop into the daily demand which is now in control for a long into daily supply @ 111.214.

Price Points of Interest:
4h Demand @ 110.525

This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Comment: USDJPY removed the daily+4h demand and rallied into supply. I am still looking to short the 4h supply @ 111.304 if price get up there to line up with the higher TF trend.
Trade closed: target reached: Trade idea finished. Profit targets hit.
Supply and Demand is everything in this business.
Hi Denis..
If i may ask..
What is that mean red line with label 0.75 and green line with label 0.25..
Thankyou and sory for my english..
DenisRisticFX SetengahGila
@SetengahGila, 0.75 and 0.25 lines represent the 75% and 25% distance from my highest timeframe supply and demand zones. I would also put 50% (midpoint) on but that would be redundant. Cheers. Denis
SetengahGila DenisRisticFX
@DenisRisticFX, Thankyou for answer my question bro..
+1 Reply
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