Looking at this breaker block setup in the london session.
Starting on the 12h timeframe price has traded deep into the discount of the 12hr range and completely filled the FVG.
On the 1hr timeframe price has also filled the FVG and is deep into oversold territory on the RSI and has printed a bullish divergence.
30min timeframe is showing us clear displacement through the breaker block, oversold territory and multiple bulldivs.
Last but not least the 15min is showing us the a very similar picture to the 30minute setup.
Also for extra confirmation, DXY is looking bullish to. Something to always keep an eye on when trading USD pairs.
Looking to target overhead OB and stop below breaker block & FVG.
USD/JPY Breaker Block
Looking at this breaker block setup in the london session.
Starting on the 12h timeframe price has traded deep into the discount of the 12hr range and completely filled the FVG.
On the 1hr timeframe price has also filled the FVG and is deep into oversold territory on the RSI and has printed a bullish divergence.
30min timeframe is showing us clear displacement through the breaker block, oversold territory and multiple bulldivs.
Last but not least the 15min is showing us the a very similar picture to the 30minute setup.
Also for extra confirmation, DXY is looking bullish to. Something to always keep an eye on when trading USD pairs.
Looking to target overhead OB and stop below breaker block & FVG.