EURJPY Bearish Outlook – 4H Technical BreakdownEURJPY is currently exhibiting a bearish reversal structure, confirmed by a double top pattern at the 164.500 supply zone, aligned with a bearish order block. The market has initiated strong selling pressure, with a potential short entry triggered at 164.300.Trade Setup:
Bias: Bearish
Entry Level: 164.300
Structure: Double Top + Bearish OB Supply
Timeframe: 4H
Technical Targets:
1st Target: 163.200 – Minor demand zone
2nd Target: 161.400 – Mid-level support zone
3rd Target: 159.800 – Strong demand zone
Extended Targets & Key Areas:
Unfilled FVG (Fair Value Gap): 158.700
Major Bullish Order Block: 156.500 – Potential reversal/buy zone
Summary:
Price is respecting supply and bearish market structure. As long as EURJPY trades below 164.500, the bearish bias remains intact. Watch for reaction at demand levels for profit-taking or possible reversal setups.
like comment and follow for more
Trade active
Trade Update – EURJPYShort position from 164.300 has successfully hit Target 1 at 163.200, securing +110 pips.
Current Status: Trade is still running, momentum remains bearish.
Next Targets in Focus:
2nd Target: 161.400
3rd Target: 159.800
Monitoring price action closely for continuation or potential partials. Structure remains intact below 164.500.
Stay disciplined and manage your risk accordingly.
t.me/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
Related publications
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.
t.me/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
Related publications
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.