EURJPY Trade Idea
In this chart we're taking a look into the 4Hrs chart and breaking the down the setup it presents.
We can see the structure that is in a drop phase with a pullback to the level which was previously a liquidity level. Now what I am expecting here is for price to go around that level to confirm and collect orders that are left hanging around that area. The structure has been broken a couple of times to the down side, leaving us with an Institutional Trap Zone which gives out an idea of what the possibilities of where price might be going from here on. Remember this is just a trade idea and should I decide that I'm going to participate on this trade idea I will use proper risk management and wait for a proper confirmation structure
We can see the structure that is in a drop phase with a pullback to the level which was previously a liquidity level. Now what I am expecting here is for price to go around that level to confirm and collect orders that are left hanging around that area. The structure has been broken a couple of times to the down side, leaving us with an Institutional Trap Zone which gives out an idea of what the possibilities of where price might be going from here on. Remember this is just a trade idea and should I decide that I'm going to participate on this trade idea I will use proper risk management and wait for a proper confirmation structure
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