Euro / Japanese Yen
Long
Updated

EURJPY H4 Demand Zone Tap – Bullish Continuation Setup

97
EURJPY is currently retracing toward a key H4 demand zone after a strong impulsive move to the upside. This zone has previously acted as a launch point, and price is showing signs of returning for a liquidity grab and possible continuation.

Smart Money Concepts suggest a bullish leg continuation after mitigating this demand zone.

📍 Trade Setup Idea:
Buy Zone: 167.80 – 168.00

Entry Confirmation: Bullish rejection or break of short-term structure

Targets:

TP1: 169.50

TP2: 170.30

TP3: 171.00

Stop Loss: Below 167.50

🧠 SMC Concepts Used:
Demand Zone Mitigation

Liquidity Sweep

Bullish BOS → Retracement → Continuation

⚠️ Risk Reminder:
Wait for confirmation (bullish engulfing, BOS) before entry. Don't chase — react to price.


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