Euro / Japanese Yen

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Euro / Japanese Yen forum


EURJPY feel like this wants to retrace lower, waiting for asia highs to be swept and maybe even tap into the 1H supply zone, from there I will wait for MSS confiration before shorting back down to the lows and possibly even lower, still a 4H FVG and 1H FVG below both of which align with FIB retracement





EURJPY Entry: Around 171.886, anticipating a pullback to a previously broken support level.

Stop Loss: Placed at 172.406 to limit losses if the price unexpectedly rises and breaks the recent high.

Targets: Two take-profit levels are identified to secure profits as the price declines.

TP1: 170.780 (a recent support level).

TP2: 169.720 (a major previous low).

EURJPY Took a short earlier at the 5m supply OB within the leg down (NY high creation) and took my profits off 1h 200ema + 1h 50ema bounce + 50% fib confluence.

Paytience 💰

See you next week! I'm done for the trading week.

May the loaves be with you 🍞 🍞 🍞

tradingview.com/x/bxynAK4a
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