USDJPY Bearish structure + FVG entry!

22 sie 2023

In the USDJPY pair, we have a bearish setup evident from the structure that is forming with lower highs and lower lows. There is a price that has broken a bullish trendline and is now supported by a bearish trendline. Furthermore, there is a zone of resistance/support between 145.50-145.70, along with a confluence in the area at 145.80. It's in this latter zone that I will consider initiating a short position in the market, provided that the market gives us operational confirmations for a short trade. Specifically, I will seek an entry if the market forms two consecutive 15-minute reversal candles. Please let me know your thoughts on this. Happy trading and good luck!