💶 EUR/JPY – 8H Breakdown
📊 Bias
Short-term bearish → setting up for a liquidity sweep before bullish continuation.
🔎 Technical Breakdown
Liquidity Zones:
Buy Side Liquidity: 172.50 – 173.00
Sell Side Liquidity: 171.00 – 171.20
Market is currently hunting sell side liquidity before a possible bullish reversal.
Wave Structure:
Price unfolding inside a corrective structure (a–b–c–d–e).
Currently testing the lower range (c → e completion zone).
71% retracement confluence around 171.00 support zone.
Key Levels:
Target Resistance: 173.90
Current Price: 171.35
Buy POI / Demand Zone: 170.80 – 171.00
Invalidation: Break below 169.82
🎯 Trade Plan
Entry Zone (Buy): 170.80 – 171.00
Stop Loss: Below 169.80 (invalidate bullish scenario)
First Target: 172.00 (mid-range)
Main Target: 173.90 (major liquidity target)
⚠️ Notes
Watch for a liquidity sweep below 171.00 before the real move up.
If demand holds, expect a sharp reversal into 173.90.
If invalidation breaks, bearish continuation opens towards 169.00.
📊 Bias
Short-term bearish → setting up for a liquidity sweep before bullish continuation.
🔎 Technical Breakdown
Liquidity Zones:
Buy Side Liquidity: 172.50 – 173.00
Sell Side Liquidity: 171.00 – 171.20
Market is currently hunting sell side liquidity before a possible bullish reversal.
Wave Structure:
Price unfolding inside a corrective structure (a–b–c–d–e).
Currently testing the lower range (c → e completion zone).
71% retracement confluence around 171.00 support zone.
Key Levels:
Target Resistance: 173.90
Current Price: 171.35
Buy POI / Demand Zone: 170.80 – 171.00
Invalidation: Break below 169.82
🎯 Trade Plan
Entry Zone (Buy): 170.80 – 171.00
Stop Loss: Below 169.80 (invalidate bullish scenario)
First Target: 172.00 (mid-range)
Main Target: 173.90 (major liquidity target)
⚠️ Notes
Watch for a liquidity sweep below 171.00 before the real move up.
If demand holds, expect a sharp reversal into 173.90.
If invalidation breaks, bearish continuation opens towards 169.00.
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.
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.