Concept is clear
Price is in three massive support level
Sellers are fooled multiple times by BOJ and in desperate need of liquidity to continue further down.
For Pattern lovers it's a clear scenario of Head and Shoulder
For whole 2024 the bias is still bearish as the rate cut are very much expected from FED
I don't think there is much to clarify or share about this trade. Its just a piece of price action which i am practicing and this trade fits on that category perfectly i think. Reward is also nice 1 to 3 RR.
As someone working to be a day trader this type of intraday trade fits for my profile perfectly.
I will also look for a few more quick scalp trade in...
