Hello everyone. Days ago, I published a post titled 'USDJPY Monthly bearish structure VS Momentum!' as linked below. Today, I noted that the momentum is started to be weak from small timeframes, say, 1H.
Hence, I marked the daily demand zone(holder) and bearish setup on 4H. This is a setup with profit margin of at least 2.5, even before the holder's violation.
As I mentioned previously, the logic of the short setup was based on monthly timeframe. If it works, reward would be quite good. We can add more on condition that the trend line as well as the daily demand zone are penetrated both.
What do you think? Give me a like if you're with me.
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It pulled back but missed the entry. I'm wondering how it's gonna react to the daily zone. Let's see. Sometimes, you just missed it. That's okie.
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As expected, it touched the bottom of my zone and fell to levels near daily zone.