Hi Traders. I believe USDJPY is one of the 'clearer' setups today, as yesterday's FOMC news gave some Bearish pressure on it.
For now, I will be looking for some short-term sell setups, and the Area of Value will be around 136.60 - 136.80.
But bear in mind, when you're taking countertrend setups, all the minor S&R structure beneath OR above could be a threat to your position.
So make sure you only extend your target after the nearest structure is broken.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
For now, I will be looking for some short-term sell setups, and the Area of Value will be around 136.60 - 136.80.
But bear in mind, when you're taking countertrend setups, all the minor S&R structure beneath OR above could be a threat to your position.
So make sure you only extend your target after the nearest structure is broken.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
