EURJPY 1 hr Short

29 thg 1, 2023

EURJPY broke structure. The bias is bearish which presents a short term shorting opportunity. The Impulse leg broke structure at 141.258. Price is currently making a complex pull back to the bearish order block. Will monitor price above 142.000 for break of structure on lower time frames.

There equal highs/double top which present an opportunity for a liquidity grab (buy side liquidity). Anticipating price to drop to below 140.700 for corresponding sell side liquidity.