EURJPY done for the week but decided to put a 0.25% risk short on for 13 RR for fun
Euro / Japanese Yen forum
EURJPY done for the week but decided to put a 0.25% risk short on for 13 RR for fun
EURJPY The CRL 1h is still validated for now, and if it's taken out with a close past that level, the LTF would have structurally shifted to the downside, potentially opening the way for bears to push price down. And if the CRL 1h is taken out, 4h would have created a long wick rejecting the previous high - culminating into a liquidation / manipulation phase.Let's see how the 4h candle closes in less than 30 mins alongside the LTF price action.
The HTF liquidity level above (originating from the previous HTF high on the left) is still left hanging up there though.
tradingview.com/x/jguimbMD
EURJPY Price might just want to take out the previous liquidity high on the left if the LTF does not present any structural shift to the downside, despite tapping into the 30m supply OB.tradingview.com/x/eslzrxYQ
EURJPY Possible reversal back to the downside off the 30m supply OB, subject to LTF strict confirmation.tradingview.com/x/2usoHykZ
EURJPY As we are still well within the 4h supply OB at the moment and also a 30m supply OB awaiting above, it's now down to the wire as to whether the 1h structural high can be broken through. Scenario A >>> If by the close of the current 1h (and essentially the 4h) candle we see a mere liquidation off the structural high (ie at PDH), it would then be clear as daylight manipulation, and we will then dump back down to take the low.
Scenario B >>> If it closes past the structural high (even better if it is with momentum), we are poised to further upside movement, and 172.5 is next exposed. In this scenario, wait for a retracement process before longing the market at POIs below.
Keen your eyes peeled at the top of the hour.
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tradingview.com/x/EF3YKd5J
EURJPY well during Asia I was expecting a move down today, the beauty of confirmation saved me and I bagged a nice 2.5% profit on the tail end of this move up, see you next week 🫡EURJPY As discussed, price touched the PDH via the 4h CRH, trendline liquidity and the LTF supply OB penetration.Thank you for subscribing to breadtimes.
Hope you bagged your profits. 🥪🥪🥪
tradingview.com/x/EUFuApOK
EURJPY for anyone going long, you think 172.30 1st TP and 172.60 2nd TP
EURJPY that will wipe all sellers from yesterday and todayEURJPY 1h demand OB in control - 4h CRH is next to go, blasting through the LTF supply OB in the way, to thereafter get up to the trendline liquidity, and consequently PDH.Disclaimer: Based on current price action and probability.
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tradingview.com/x/AF6iiSfD
