If you're observing a downtrend from such an order block on a 1-hour timeframe for EURJPY, it indicates that sellers have been dominant in this market, pushing the price lower.
I expect a retracement to the order block before down ward movement
Remember, trading based on technical analysis requires careful consideration and risk management. It's essential to...
Order Block
Entry: 158.809 (This is the price at which you entered the trade, presumably after observing a reversal from the order block.)
Take Profit (TP): 159.489 (This is the price at which you plan to exit the trade to take your profit.)
Reversal trading from order blocks typically involves identifying areas of significant buying or selling pressure and then...
