USDJPY long closed at break-even | Entered USDJPY ShortUSD/JPYOANDA:USDJPYCashFalconAction Items - Set a price alert for USDJPY crossing down through the key structure level - Set a second alert at the upper seller resistance level Context & Disclaimer Just to be upfront — I don't sell courses or signals. My trading income comes entirely from trading itself. What you're seeing here is my personal trade journal. Friends and family kept asking me how I do this, so I figured sharing it publicly might help others with their own trading education. This is not investment advice — trading carries real risk, and you should never trade money you can't afford to lose. That said, you're welcome to follow along and I hope it's useful. Focus Assets - Primary analysis covers USDJPY and DXY, with a brief mention of XAUUSD USDJPY Analysis & Position Update - A prior long position was closed due to emerging bearish signals - Key resistance: price pushed up to the 159.798 area where strong sellers stepped in with no wick on the rejection candle — buyers had no chance to defend - A pattern of lower highs is confirmed on the 4-hour chart, signaling a dominant downtrend - Price absorbed significant liquidity in a fair value gap on the way up but is now struggling - Downside targets are key one-day levels below current price, with the possibility of price shooting through some and testing deeper levels DXY as a Directional Signal - USDJPY buys were exited primarily because DXY is showing weakness — candle bodies are forming beneath a key 1-hour swing low, which is a bearish structural warning - DXY and USDJPY are positively correlated: a stronger dollar pushes USDJPY higher; a weaker dollar pushes it lower - DXY appears to be petering out and is unlikely to reach prior upside targets - A confirmed break in DXY structure — bodies closing under the 1-hour swing low — reinforces the bearish bias on USDJPY Current Trade: Sell Setup - Currently in a sell position, entered slightly early - Stop loss: placed behind the large seller resistance wall - Reward-to-risk ratio: 7.66R - Trade remains valid unless price closes back above the major seller zone - Waiting for a confirmed break below a key 1-hour structure level before full conviction - A bullish re-entry would only be considered if price breaks above the key resistance level and then corrects back for continuation ICC Framework Overview (shout-out Trades by Sci) - ICC = Indication, Correction, Continuation — the core methodology applied across all timeframes - Process starts on the daily chart: mark untouched swing levels in black and previously touched levels in green to map potential turbulence zones - Levels are drawn using candle bodies, not wicks: bodies show where price filled easily; wicks show where orders struggled to fill - Trend identification on the 4-hour: lower highs and lower lows confirm a downtrend; higher highs and higher lows confirm an uptrend - Entry logic: wait for price to break a swing level (indication), pull back into the range (correction), then enter via a stop order in the direction of continuation — targeting daily and higher timeframe levels - Bias rule: always trade with the dominant market force; do not look for buys until key resistance is broken