EJ Short
---
EUR/JPY – Short Entry @ 161.316
Entry Justification
Price rejected off the upper boundary of a well-defined range that has held since early April. The area aligns with a supply zone formed after the last impulsive sell-off. A Break of Structure occurred a few days prior, shifting internal order flow bearish and invalidating the prior bullish leg.
Today’s entry capitalized on a textbook retest of the range high, where price wicked into the upper liquidity pocket and immediately sold off, confirming continued seller interest. This entry offered high reward-to-risk potential with tight invalidation parameters and clear structure control.
Macro Alignment
- Euro weakened by dovish ECB tone, increasing likelihood of June rate cuts
- JPY gaining mild strength on recent risk-off shifts and flight to safety behavior
- Global equity market hesitations support further downward pressure on EUR/JPY
Trade Logic:
-Range-top rejection with bearish order flow confirmation
-BOS already printed prior to entry, offering structure-based conviction
-Macro + sentiment alignment supports short bias
-Technical entry aligned with bearish liquidity cycle and exhaustion at highs
---
