Forex48_TradingAcademy

USD/JPY Today will be the big day for a short!

Short
FOREXCOM:USDJPY   US-Dollar / Japanischer Yen
On the USD/JPY currency pair, I've identified a bullish setup. The price is consistently breaking previous swing highs, forming new highs. However, it's important to note that my view on the H4 (4-hour) timeframe has remained bearish for over a week.

I'm currently waiting for a structural breakout on the M15 (15-minute) timeframe, combined with a Formation of Valid Grounds (FVG), before considering entering the market. I want to emphasize that I'm particularly focused on identifying these entry points during the most significant trading hours, which are the opening of the London and New York sessions, as well as the closing of the London session.

I'd appreciate hearing your thoughts and insights on this analysis. Wishing everyone successful trading endeavors ahead!

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