UnknownUnicorn468659

USDJPY bearish continuation or halt

UnknownUnicorn468659 تم تحديثه   
FX_IDC:USDJPY   دولار أمريكي / ين ياباني
For downmove
Price took out the old pre-brexit high (23-06)
We're at a massive bearish orderblock (purple area)
Reached 61,8% retracement and almost had a 70.5% Optimal Trade Entry (ICT)
The above three points define the Turtle Soup (street smarts) making a downmove probable


however

For upmove
  • We also reached an old (smaller) post-brexit orderblock (white area)
  • We are also nearing a very very very very very important MONTHLY S//R zone (which you can't see because it's off screen), but do scroll back and be shocked and awed by the fact price has been around this level for 8 months so nearly 3/4 of 2014.
  • That brexit candle close is far above the monthly.

This all makes me think we're not going anywhere and we're back in the accumulation zone for the big boys.
تعليق:
This is beginning to look like we aren't stopping the downtrend nor are we accumulating around the level. I'd not be looking for longs on this pair for awhile.
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