USDJPY 27/8/23
UJ honestly i don't have a huge amount to say about this pair or about this range, if you have looked over our other USD related pairs you will know the story by now.
A news range with honestly a poor structure overall, liquid has built higher and lower meaning we may push up then shift lower, as you can see we have a reverse of our other USD pairs as in this case the USD is our primary.
so you guys know what we are looking for, either a shift higher to give us a new range or a confirm entry for our NEWS created POI, on the other end we may have a sweep of our low to give us a bias the is opposite to what we have currently.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
A news range with honestly a poor structure overall, liquid has built higher and lower meaning we may push up then shift lower, as you can see we have a reverse of our other USD pairs as in this case the USD is our primary.
so you guys know what we are looking for, either a shift higher to give us a new range or a confirm entry for our NEWS created POI, on the other end we may have a sweep of our low to give us a bias the is opposite to what we have currently.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
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