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.
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.
Note
EURJPY D1: Now, price finds a bearish order block. Looking for the next LH to form there.
Note
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.
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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.