DislikedA 3-bar m5 FB I was watching on USDJPY, but ultimately I wasn't sure about it. {image} {image}Ignored
I'd just use it as confluence but would be looking for a PA setup here - strong selling and consumption of the opposing demand (and next demand) then look for a short down to the lowest demand with an intermediate target along the way.
Top arrow shows the retest area I'd be looking at on M1 for a clear zone, otherwise the bar marked lower down is a clear breakout opportunity.
M1 shows a clear retrace area after the lower demand was deep tested - importantly the upper demand DP hadn't been tested yet.