Home Forex Market Analysis Forex Signals USDJPY Swing Failure BUY

USDJPY Swing Failure BUY

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Flow Assessment

  • Sellers have tried with high volatility to create a lower low and failed, suggesting that a higher price may be needed

Location Assessment

  • Next set of liquidity for H1 sellers (aqua line) are still higher up, thus giving space for the buys, especially after buyers have halted seller progress in this swing

Momentum Assessment

  • On M15, price has initiated an up-flow with higher high and higher low. We look to trade the buys after the 1st sign of a strong buyer

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