Euro / Japanese Yen
Long
Updated

EURJPY: Rejection Block Support Fuels Bullish momentum!

101
Greetings Traders,
In today’s analysis of EURJPY, recent price action confirms the presence of bullish institutional order flow. As a result, we aim to align ourselves with this directional bias by seeking high-probability buying opportunities that target the long-term highs, where a significant liquidity pool resides.

Key Observations:
Weekly Timeframe Insight:
Last week, price retraced into a weekly bullish Fair Value Gap (FVG), which has acted as a strong support zone. This reaction has initiated a bullish response across lower timeframes, validating the weekly FVG as a meaningful area of institutional demand.

H4 Bullish Market Structure Shift:
Following the weekly bounce, the H4 chart presented a clear bullish Market Structure Shift (MSS), signaling the onset of upward momentum. Price then retraced into an extreme discount, where it found support at a well-defined Rejection Block—an institutional array we expect to hold as a launchpad for further bullish continuation.

Trading Plan:
  • Entry Strategy:
    Monitor the Rejection Block zone for bullish confirmation setups on lower timeframes (M15 and below) to validate potential long entries.
  • Target Objective:
    The draw on liquidity remains at higher premium levels, with the liquidity pool above the long-term highs serving as our primary objective.


For a detailed market walkthrough and in-depth execution zones, be sure to watch this week’s Forex Market Breakdown:


As always, exercise patience, wait for confirmation, and maintain strict risk management.

Kind regards,
The Architect 🏛️📈
Trade active
BREAKEVEN

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Trade closed: target reached
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