USDJPY 15M
Interesting setup on both sides, whichever that pends out first.
Prices tapped onto a H4 demand zone, propelling a buy-side move into a H4 supply zone, which made a sell-side move as well. We will be looking to trade the immediate moves on the lower timeframe if the setup is still valid for us to monitor later on.
Understanding how prices break structures, leaving behind unmitigated areas for us to catch an entry towards a specific target is important in intermediary movements like this. If you're unsure, skip this trade.
Interesting setup on both sides, whichever that pends out first.
Prices tapped onto a H4 demand zone, propelling a buy-side move into a H4 supply zone, which made a sell-side move as well. We will be looking to trade the immediate moves on the lower timeframe if the setup is still valid for us to monitor later on.
Understanding how prices break structures, leaving behind unmitigated areas for us to catch an entry towards a specific target is important in intermediary movements like this. If you're unsure, skip this trade.