USDJPY – Waiting for H1 CHoCH After Daily Supply RejectionAfter reacting from the Daily Supply Zone, USDJPY is now showing signs of slowing momentum on H1. This region is the decision point: either we see a confirmed structural break (CHoCH), or price continues pushing upward into unmitigated liquidity.
Execution Plan:
– Wait for an H1 candle-body close below the last bullish swing high
– Let price retrace into the newly-formed H1 supply
– Refine on M15/M5 for entry
– No shorts without structural confirmation
If price reclaims the high instead of breaking down, the bearish idea becomes invalid and the bullish trend continues, and we can look at the further SO POINT.
Patience here is key.
