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.
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EURJPY D1: 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.
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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.