(USD/JPY New Signal)
Using the singular area of liquidity from the 20th of March, we're confident this would be a very probable time to take UJ short. We've watched UJ since Monday, and we can begin to confirm that 111.7 has played true to its level of resistance for this pair. By analyzing volume specifically between 111.35- 111.7, I am confident that UJ is trading at the ceiling of its current range. We can now utilize the 4-hr & 2-hr to assist with getting the highest entry short. Since we've identified this current zone of the structure highs (111.5-112), I will label one of the most important confluence that we use which we don't talk about much publicly. Labeled 1,2 & 3, you will see what's known as a "3-drives" pattern, which signifies areas of liquidity being filled. I can assure you that the biggest players in the market who use this pattern are the market makers/ institutions.
Using the singular area of liquidity from the 20th of March, we're confident this would be a very probable time to take UJ short. We've watched UJ since Monday, and we can begin to confirm that 111.7 has played true to its level of resistance for this pair. By analyzing volume specifically between 111.35- 111.7, I am confident that UJ is trading at the ceiling of its current range. We can now utilize the 4-hr & 2-hr to assist with getting the highest entry short. Since we've identified this current zone of the structure highs (111.5-112), I will label one of the most important confluence that we use which we don't talk about much publicly. Labeled 1,2 & 3, you will see what's known as a "3-drives" pattern, which signifies areas of liquidity being filled. I can assure you that the biggest players in the market who use this pattern are the market makers/ institutions.