Original idea is here; or a full breakdown.

Quick analysis to understand why this trade was taken and how it was analysed. Monthly imbalances for USD JPY
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a psychological level of 100.00 to be a structural level for the USD.
The monthly wicks also highlight a great opportunity where the imbalance is strongest within the wick zones around 100-102.
Second to this, the monthly test occurring back in January 2021 created a higher low, informing that the buyers have taken over the monthly imbalance and have created a weekly imbalance zone where price will use as a discounted zone.

Daily Fibonacci
Currently price is heading to -0.272, before an opportunity for the trend in most scenarios to take a breather, where price will look towards the 8hour imbalance zone. Price has become bullish with a mounting risk of the VIX and the safe haven of both the USD and JPY.
The technical aspect here is price will need to engineer a long movement so when coming to a pivotal point on the Fibonacci extension target, price will react here, allowing discounted buy opportunities.

Weekly structure forming of the monthly imbalance


Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary – with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support. Thanks,