Forex Signals

USDJPY Swing Failure SELL

Location Assessment

  • Price has reached the H4 seller’s area for the first time and the overall daily flow (purple line in picture) is downwards
  • This makes us interested for sells

Flow Assessment

  • The overall daily flow is downwards and importantly, the move back up to the H4 sellers area is coming in multiple pushes, indicating that this is not a fresh trend swing
  • Hence, we maintain our overall sell bias

Momentum Assessment

  • We wait for signs of sellers showing interest at the H4 seller area via evidence of lower highs (LHs)
  • To be able to have smaller SL and better risk-reward, we wait for more confirmation via 2LHs first, then enter the trade with SL above the last LH
  • For targets, we simply look at the equal low marked by the weekly support (in yellow)

By Reddy Shyam Shankar

I am a professional Price Action retail trader and Speculator with expertise in Risk Management, Trade Management, and Hedging.

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