EURJPY As discussed in Martinjones718's post (because Tradingview had limited my posts), price went for 172 psychological level, breaking past the PDL and destroyed the 15m demand OB during Asia.
Price further got down to 171.5 as bonus for bears.
With price now sitting on a psychological level and demand OB, it would be possible to buy dips here, after a LTF confirmation. Watch for price tapping into the 50% fib level of the leg up first as well.
Will be focusing more on EU now but will occasionally share my perspectives on EJ.
EURJPY EURJPY This trade idea follows my standard process: fixed 1:5 RRR, with entry, SL, and TP predetermined. The SL is placed at the invalidation point, TP at 5x the risk. I’m sharing this to explain my approach to asymmetric setups, not to advise on taking positions. Results will be posted once the trade ends (+5R or SL hit) to keep my record transparent. Disclaimer: For educational purposes. Not financial advice—use your own judgment.
EURJPY It's down to the wire now. If this 5m candle closes bearish, we would have formed a fractal high, and essentially a LH. Bears will then bring price down to NY low, which incidentally is now a EQL.
EURJPY As discussed in Martinjones718's post (because Tradingview had limited my posts), price went for 172 psychological level, breaking past the PDL and destroyed the 15m demand OB during Asia.
