LOOKING FOR MY NEXT BULL TRADE
USD/JPY 1H - With this market you can see that price has recently broken structure to the upside, as we know this suggests that price is ready to start putting in some longer term bullish structure.
We also have a-lot of inefficient structure sat above current price that I feel price needs to come and clear, my overall bias for this market is a bullish one regardless hence my judgment to see this market trade higher longer term.
Above I have gone and marked out two key areas of interest I feel price may come to trade down and into before reversing and trading us higher. The first one marks out and evident Order Block here on the 1H timeframe whereas the second marks out a Hidden Order Block.
Both of which represent areas of Demand as there are plenty of short orders there that need clearing and any shorts placed to drive price down will be removed one price taps into this area, Demand (buy order) will be introduced as this is a footprint for bulls to enter in.
We also have a-lot of inefficient structure sat above current price that I feel price needs to come and clear, my overall bias for this market is a bullish one regardless hence my judgment to see this market trade higher longer term.
Above I have gone and marked out two key areas of interest I feel price may come to trade down and into before reversing and trading us higher. The first one marks out and evident Order Block here on the 1H timeframe whereas the second marks out a Hidden Order Block.
Both of which represent areas of Demand as there are plenty of short orders there that need clearing and any shorts placed to drive price down will be removed one price taps into this area, Demand (buy order) will be introduced as this is a footprint for bulls to enter in.
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