Bearish Bias on USD/JPY
Pair: USD/JPY
Bias: Bearish
Entry Type: Pending Sell Limit Order
Entry Zone: 147.54
Stop Loss: 148.10
Take Profit: 145.17
Technical Rationale:
Market Structure Shift (MSS):
The chart shows a clear break of structure (BoS) to the downside after a prolonged bullish move. The most recent lower low and lower high formation confirms a shift in market sentiment.
Supply Zone (Order Block):
Price is retracing back into a 2H supply zone (highlighted red), which is aligned with a bearish order block around 147.54–148.10. This zone represents institutional selling interest from a previous strong sell-off.
Liquidity Grab / Sweep:
Prior to the drop, there was an internal liquidity sweep above a local high, potentially indicating a buy-side liquidity grab. The retracement may now be engineered to tap into this supply zone to mitigate orders before a continuation downward.
Premium Pricing:
Using a FVG (Fair Value Gap) or Fibo level reference, this supply zone sits in the premium pricing area, ideal for institutional short positioning in SMC theory.
Confluence:
Pair: USD/JPY
Bias: Bearish
Entry Type: Pending Sell Limit Order
Entry Zone: 147.54
Stop Loss: 148.10
Take Profit: 145.17
Technical Rationale:
Market Structure Shift (MSS):
The chart shows a clear break of structure (BoS) to the downside after a prolonged bullish move. The most recent lower low and lower high formation confirms a shift in market sentiment.
Supply Zone (Order Block):
Price is retracing back into a 2H supply zone (highlighted red), which is aligned with a bearish order block around 147.54–148.10. This zone represents institutional selling interest from a previous strong sell-off.
Liquidity Grab / Sweep:
Prior to the drop, there was an internal liquidity sweep above a local high, potentially indicating a buy-side liquidity grab. The retracement may now be engineered to tap into this supply zone to mitigate orders before a continuation downward.
Premium Pricing:
Using a FVG (Fair Value Gap) or Fibo level reference, this supply zone sits in the premium pricing area, ideal for institutional short positioning in SMC theory.
Confluence:
- Bearish break of structure
- Return to supply zone
- Liquidity sweep before drop
- Fair value gap alignment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.