Get started
RT_Money

EURJPY: Ready to drop?

Short
Euro / Japanese Yen (OANDA:EURJPY)  
RT_Money Updated   
OANDA:EURJPY   Euro / Japanese Yen
Supply and Demand Support and Resistance EURJPY eurjpyshort eurjpytrade eurjpyanalysis eurjpyidea eurjpysetup orderblocks rtmoney
8
2
supplyanddemand supportandresistance eurjpy eurjpyshort eurjpytrade eurjpyanalysis eurjpyidea eurjpysetup orderblocks rtmoney
EURJPY D1: A strong downtrend, with bearish breaks of structure, LHs and LLs. (See Updates)
Now, price finds a bearish order block. Looking for the next LH to form there.
4H: Expecting price to continue to maintain the bearish momentum, form the LH, follow with a BOS to grab the liquidity at the relative equal lows, and form the LL.
Comment:
EURJPY D1:
snapshot
A strong downtrend, with bearish breaks of structure, LHs and LLs.
Now, price finds a bearish order block. Looking for the next LH to form there.
Comment:
snapshot
Price overshot the 4H OB during London. So I adjusted, choosing the higher TF 12H OB, which is stronger. Notice how price left this OB, breaking the recent low. This is an indication of strength and validity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.