Order Flow Analysis via USD/JPY - Perfect Entry at Macro Support

Simplicity in trading via the OFA is a thing of beauty. The tool allows you to decipher market intentions. The proper reading of order flow can provide information advantage as in the case of this recent long trade in USD/JPY off a weekly support area. Notice in this example how sellers were running out of gas as plotted via the down legs (both in amplitude and velocity of the move), further vindicated by the breakout of structure higher, which saw an extension in price amplitude. The rest is history.