"EUR/JPY pair analysis and forecast update on the 2-hour time frame, based on the following:
1. Key Levels:
Support area: 159.500, acting as a lower limit and potential reversal zone.
Resistance area: 164.780, acting as an upper limit and potential selling opportunity.
Liquidity (LQD): 161.150, facilitating quick trade execution.
Order Block: Strong buying interest.
2. Trend Analysis:
Bullish Trend: Characterized by higher high, higher lows.
3. Trade Setup: Bullish Entry level: First entry 161.800, Second entry 161.500.
Target's 163.250, 164.230, 164.900.
Stop Loss: 160.620.
4. Concept: Based on Smart Money Concept (SMC) and Inner Circle Trader (ICT), which includes:
Break of structure (BOS).
Change of Character (CHOCH).
Summary: The EUR/JPY pair analysis based on SMC and ICT concepts, indicates a continuous bullish trend. After a reversal from the liquidity or support area, the pair is poised for further upside movement.
It's all about my thought. What you think about "EUR/JPY", write in comment section.
1. Key Levels:
Support area: 159.500, acting as a lower limit and potential reversal zone.
Resistance area: 164.780, acting as an upper limit and potential selling opportunity.
Liquidity (LQD): 161.150, facilitating quick trade execution.
Order Block: Strong buying interest.
2. Trend Analysis:
Bullish Trend: Characterized by higher high, higher lows.
3. Trade Setup: Bullish Entry level: First entry 161.800, Second entry 161.500.
Target's 163.250, 164.230, 164.900.
Stop Loss: 160.620.
4. Concept: Based on Smart Money Concept (SMC) and Inner Circle Trader (ICT), which includes:
Break of structure (BOS).
Change of Character (CHOCH).
Summary: The EUR/JPY pair analysis based on SMC and ICT concepts, indicates a continuous bullish trend. After a reversal from the liquidity or support area, the pair is poised for further upside movement.
It's all about my thought. What you think about "EUR/JPY", write in comment section.
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.