USDJPY - Long term distribution - Major move ahead!
Here we have an example of an event within an event within an event.
Next move on the weekly event should be a sign of weakness towards the bottom of the range.
Daily event shows a distribution event that is currently in phase C lpsy.
With weekly & Daily bias bearish, this increases our probabilities of a successful short in the h1 TF, which isn't in phase B of what is most likely a distribution.
Big gains to be had with this one in the mid/long term.
Next move on the weekly event should be a sign of weakness towards the bottom of the range.
Daily event shows a distribution event that is currently in phase C lpsy.
With weekly & Daily bias bearish, this increases our probabilities of a successful short in the h1 TF, which isn't in phase B of what is most likely a distribution.
Big gains to be had with this one in the mid/long term.