USDJPY OHLC (SELLS) MONTHLY STRUCTURE (Jan 2022

USDJPY OHLC (SELLS) MONTHLY STRUCTURE (Jan 2022)

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Monthly Structure for USDJPY In a Daily timeframe appears to be OHLC (open low high close) with a huge bearish Divergence from 20th October 2021 till current market price. Candle formation at resistance 'Evening Star'

CuRrent Priceline is also within the sell pressure zone. Patience, we currently waiting for a TDI cross. Priceline must cross below bloodline to confirm the presence of sellers in market.

Caution as this is the open of a new year hence price is bound to consolidate.

After the daily TDI cross plays out, switch to H4 and be on the lookout also for OHLC and a TDI cross to confirm sells before executing trades in M15.

Trade with Caution. Wait for valid entries.

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