USDJPY Long Setup – W Pattern + 4H OB Confluence

After price rejected the previous 4H OB with a bearish M-pattern and engulfing confirmation @146.766, the bearish move extended and tapped into a deeper 4H Order Block, where we now see a well-structured W reversal pattern forming @145.310. Below is my technical Confluence.


Technical Confluence:
✅ Clear 4H Bullish Order Block acting as demand
✅ Well-formed W pattern with balanced symmetry
✅ Strong bullish rejection candles at the second leg (1H Tweezer Candle)
✅ Price swept liquidity beneath previous lows before reversing — classic smart money signature
✅ Volume spike and slowing bearish momentum confirm potential reversal

Trade Rationale:
This long entry is taken based on the confluence of a 4H OB and a confirmed W pattern, which often signals a potential reversal or temporary bullish correction. The second leg of the W also aligns with a Fair Value Gap (FVG) on lower timeframes, indicating institutional interest.

Risk Note:
Always manage your risk — even when technicals align perfectly, fundamentals or unexpected news can influence volatility. Keep risk per trade minimal and allow structure to confirm the move.