Description
⋅ USDJPY Daily looks to be heading towards some areas of selling liquidity (high lighted by the cyan dotted lines).
Once the 107.907 has been breached and stops taken, I will look to short for 10-20 pips.
Comment
⋅ First liquidity point taken.
Comment
⋅ Now would be a good time to set to break even.
4hr 200 is a good TP.
Comment
⋅ Liquidity broken to the downside.
Comment
⋅ Now we have a potential break and buy in the opposite direction for USDJPY on the 15m time frame.
1st liquidity has been taken, 1 more lower to look forward to.