5 minute trade setup5-minute trade idea: simple SMC. Looking for a rejection and a bearish momentum candle at the area of interest (AOI).
5minute
USDJPY SELLI detected a supply zone on the 5-minute chart that seems to be solid with more sellers than buyers. If the price crosses above 112.872, then I believe it will come down for a potential 2:1 reward/risk. But, it has to break below the zone between 112.791 and 112.776 for the risk/reward to be possible.
