4H ORDER BLOCK UNMITIGATED STRATEGY

📉 USDJPY – Short Bias Below Supply Zone (4H Mitigated OB Bearish)
Timeframe: 30m
Bias: Bearish
Type: Intraday / Swing Setup

📌 Key Observations:
Price recently tapped into a 4H Mitigated Order Block (OB) around 144.360 – 144.049 and showed rejection with strong bearish wicks.

This zone aligns with a previous supply area and is marked by confluence from the McGinley Dynamic 50 & 200 EMA.

A short was executed at 144.162, with a stop above the OB at 144.476.

Target is set at 142.500, near previous demand structure and liquidity sweep.

🧠 Trade Rationale:
The 4H bearish OB was mitigated during the Tokyo session with low momentum, followed by a London and NY session rejection.

The pair formed a lower high and is now trading below key moving averages, indicating a possible continuation to the downside.

Multiple sessions show rejection from the same OB area – reinforcing its strength.

Increased volume on the down candle confirms institutional presence.

🎯 Trade Details:
Entry: 144.162

Stop Loss: 144.476

Take Profit: 142.500

RRR: 5.9:1

Position Size: 228,000

Current PnL: +606.12 USD (Floating)

🔍 Next Steps:
Monitor for any signs of bullish order blocks forming around 143.200 or 142.900 as partial TP zones.

Move SL to breakeven once price breaks 143.400.