USDJPY SHORT
USDJPY: Rising Wedge Consolidation with Bearish Momentum Building
Market Overview:
USDJPY has been moving within a large Rising Wedge pattern on the Daily timeframe, currently consolidating near the top. We are observing Daily RSI divergence, signaling potential exhaustion at these elevated levels. The 4H intermediate structure has broken below the 50 SMA, indicating early signs of bearish momentum.
Key Observations:
1. Bearish Momentum Building:
• The rejection at the top of the wedge coincides with increased volatility, as shown by the Bollinger Bands, suggesting that the anticipated downward move may have already begun.
• Confirmation of bearish momentum on lower timeframes (LTF) is required for precise entry into this move, targeting the 153-154 region.
2. Weekly Perspective:
• USDJPY has recently broken out of a long-term downward trendline on the Weekly chart, marking a shift in macro sentiment.
• This pullback is setting up for a potential Higher Low (HL) on the Daily timeframe, creating a base for a continuation move beyond 158.
3. Fibonacci Confluence:
• The anticipated downward move aligns with the 0.5-0.618 retracement of the larger upward move—a strong area for liquidity gathering and a potential bullish HL formation on the higher timeframes.
4. 4H Bullish Order Block:
• The 4H bullish order block near the retracement zone adds further confluence as a key area to watch for reversal and liquidity accumulation.
Trading Plan:
• Current Focus: Await confirmation of bearish momentum on LTF for a high-probability entry into the pullback.
• Target Zone: 153-154 region, aligning with the Rising Wedge breakdown and retracement levels.
• Larger Trend: The pullback is viewed as part of a macro bullish structure, setting up for a significant continuation move beyond 158 in the coming weeks.
Stay tuned for precise entry signals as we monitor bearish momentum and key levels for validation. Trade with discipline and proper risk management!
Market Overview:
USDJPY has been moving within a large Rising Wedge pattern on the Daily timeframe, currently consolidating near the top. We are observing Daily RSI divergence, signaling potential exhaustion at these elevated levels. The 4H intermediate structure has broken below the 50 SMA, indicating early signs of bearish momentum.
Key Observations:
1. Bearish Momentum Building:
• The rejection at the top of the wedge coincides with increased volatility, as shown by the Bollinger Bands, suggesting that the anticipated downward move may have already begun.
• Confirmation of bearish momentum on lower timeframes (LTF) is required for precise entry into this move, targeting the 153-154 region.
2. Weekly Perspective:
• USDJPY has recently broken out of a long-term downward trendline on the Weekly chart, marking a shift in macro sentiment.
• This pullback is setting up for a potential Higher Low (HL) on the Daily timeframe, creating a base for a continuation move beyond 158.
3. Fibonacci Confluence:
• The anticipated downward move aligns with the 0.5-0.618 retracement of the larger upward move—a strong area for liquidity gathering and a potential bullish HL formation on the higher timeframes.
4. 4H Bullish Order Block:
• The 4H bullish order block near the retracement zone adds further confluence as a key area to watch for reversal and liquidity accumulation.
Trading Plan:
• Current Focus: Await confirmation of bearish momentum on LTF for a high-probability entry into the pullback.
• Target Zone: 153-154 region, aligning with the Rising Wedge breakdown and retracement levels.
• Larger Trend: The pullback is viewed as part of a macro bullish structure, setting up for a significant continuation move beyond 158 in the coming weeks.
Stay tuned for precise entry signals as we monitor bearish momentum and key levels for validation. Trade with discipline and proper risk management!
İşlem aktif
We will take our Short at this position. With a TP at 153.5 and SL at 158.7 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.