Bearish Bias on CHFJPYCurrently i have a bearish bias on CHFJPY which is backed by the following confluences.
1) Market Structure-BoS
2) Supply
3) Imbalance
4) Liquidity.
So if price is able to successfully retrace back up to the supply zone, I’ll head down to the lower/entry timeframe from 15mins-3mins and look out for a confirmation ChoCh for entry and if it emerges successfully, I’ll identify my POI on the entry ChoCh which are either an Order-Block or Breaker-Block, imbalance and liquidity or Order-Block or Breaker-Block, Imbalance. If I identify these successfully I’ll place my orders and target a 1:3RR max as profit target.
Note: the market is all probabilities which also makes my analysis a probability.
