USDJPY
This setup is based on knowledge of patterns and liquidity.
the chart is presenting a bearish flag pattern and as we can see we got also a formation of equal highs which is our liquidity zone.
My view on this is we should expect a fakeout to the upside to grab the liquidity till the level of the 4hr supply zone then an aggressive movement to the downside with final target the lowest point of the bearish flag with target 129.7
the chart is presenting a bearish flag pattern and as we can see we got also a formation of equal highs which is our liquidity zone.
My view on this is we should expect a fakeout to the upside to grab the liquidity till the level of the 4hr supply zone then an aggressive movement to the downside with final target the lowest point of the bearish flag with target 129.7
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