From the image, here’s a breakdown of EUR/JPY based on the visible **Order Blocks (OB)** and the ICT framework:
1. **Bullish Market Structure**: - The chart indicates a **bullish bias**, as price has been reacting to daily order blocks (d OB) and respecting them as demand zones. The structure is stepping higher, with price reaching for liquidity above.
2. **Key Order Blocks**: - **Daily OBs** (d OB) are clearly marked and have acted as support during retracements. - The **weekly OB** (w OB) at the lower levels is a significant demand area, but price is far from it, indicating a focus on higher targets.
3. **SMT Divergence**: - A divergence (SMT) is plotted on the chart, potentially signaling a reversal from the lows in line with the bullish order flow.
4. **Target Zones ("Haven")**: - The **Buy Side Liquidity (BSL)** is marked near **166.694**. Price is likely aiming for this level, which aligns with a higher timeframe objective.
5. **Expectations**: - Price could react to the nearest d OB, consolidate or pull back, and then continue its bullish trajectory toward the liquidity resting above. - A break below the most recent d OB would shift the focus to deeper retracements, potentially targeting another d OB or the w OB below.
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