Big Move On EURJPY Following Range Bound Behaviour.
Expectation:
Legal Risk Disclosure ❗❗
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
- Stop Loss Hunt towards the Major Support Level Trapping Retail Speculators.
Approaches Demand Level Below then convert Sell Orders to Buy Orders
Most likely to manipulate the range lows at the start of London session and swiftly move away
Beware of Demand Zone highlighted red above as this could provide some resistance and prevent the market from creating HH on Daily time frame
Legal Risk Disclosure ❗❗
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Comment:
Support Traders have been liquidated. Currently waiting for Lower time frame break of structure to the upside
Trade active:
As mentioned, Buy side liquidity is activated. Only look for buys to target highs above.
Trade closed manually:
Closed manually due to fundamental basis.