USDJPY SELL

Currently on H1 Timeframe we can see rally-base-drop form. This form making supply zone. The price may go bearish until meet the demand zone. Moreover, on H4 we can see bearish candle engulfing. We may put sell order, which its stoploss slightly above the supply zone and put takeprofit on the demand zone. This is a good setup as small stoploss zone but big takeprofit zone.

Nota

But if you guys can see on Daily Timeframe supply zone, its more upper than h1 supply zone and more stronger. We can also use the setup for H4 but higher stoploss with higher rewards.

Nota

currently it break the supply zone. Maybe we can look forward for swap zone or wait till it reach D1 supply zone

husaynirfan

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husaynirfan