Short term look on USDJPY 16/12/2022
As Orderflow currently presenting on the chart, we can see the demand has taken out our current supply, so we're short term bullish, thus the move happen after mitigating the 4h Demand.
I'm now expecting some sort of liquidity form during in Asia Session and expect to long at 136.2-136.4 to 139 (the most recent Supply that put we to downtrend).
The 136.2 demand is valid because it clears out Liquidity from buyside and sellside, left imbalance and good momentum. Last but not least, It's the demand that clears out recent supply.
Hope you guys have a great trading week!
I'm now expecting some sort of liquidity form during in Asia Session and expect to long at 136.2-136.4 to 139 (the most recent Supply that put we to downtrend).
The 136.2 demand is valid because it clears out Liquidity from buyside and sellside, left imbalance and good momentum. Last but not least, It's the demand that clears out recent supply.
Hope you guys have a great trading week!
Comentarios:
The Setup has came in late Friday but as the market opens in the following Monday, the price opened below the zone so price is forming a new Demand