Trade Idea
EURJPY has tapped a major higher-timeframe discount zone and formed a strong reaction from the extreme demand area. Price swept the liquidity resting below 182.80–182.60, tapped the Strong Low, and instantly rejected with a long wick—signaling aggressive buy-side interest.
Key Confluences
Liquidity Sweep: Equal lows + previous liquidity at the discount zone fully taken.
Strong Demand Zone Tested: Price wicked into a deep discount FVG + demand block.
Rejection Candle: Strong bullish reaction, showing buyers defending the level.
Structure Context: Market is in a corrective down-move, but HTF trend remains bullish.
FVG Above as Magnet: A clean inefficiency up to 183.80–184.10, ideal for targets.
Entry: 182.85 – 183.05 (discount zone tested + confirmation wick)
Stop Loss: Below the sweep — 182.45
Take Profit 1: 183.50 (first FVG fill)
Take Profit 2: 183.90 (premium zone / previous BOS area)
Take Profit 3: 184.15 (HTF supply & equilibrium)
Risk-Reward: ~1:3.2 to 1:4 depending on entry refinement
Probability: High—due to liquidity sweep + demand tap + immediate rejection
EURJPY has reached a major higher-timeframe discount zone and swept downside liquidity. Price tapped into a strong demand block and instantly rejected, signaling potential bullish reversal. With clean imbalances above and prior structural levels acting as magnets, this area provides a high-probability long setup. As long as price holds above 182.60, bullish targets remain valid.
Disclaimer: for educational purpose only.
EURJPY has tapped a major higher-timeframe discount zone and formed a strong reaction from the extreme demand area. Price swept the liquidity resting below 182.80–182.60, tapped the Strong Low, and instantly rejected with a long wick—signaling aggressive buy-side interest.
Key Confluences
Liquidity Sweep: Equal lows + previous liquidity at the discount zone fully taken.
Strong Demand Zone Tested: Price wicked into a deep discount FVG + demand block.
Rejection Candle: Strong bullish reaction, showing buyers defending the level.
Structure Context: Market is in a corrective down-move, but HTF trend remains bullish.
FVG Above as Magnet: A clean inefficiency up to 183.80–184.10, ideal for targets.
Entry: 182.85 – 183.05 (discount zone tested + confirmation wick)
Stop Loss: Below the sweep — 182.45
Take Profit 1: 183.50 (first FVG fill)
Take Profit 2: 183.90 (premium zone / previous BOS area)
Take Profit 3: 184.15 (HTF supply & equilibrium)
Risk-Reward: ~1:3.2 to 1:4 depending on entry refinement
Probability: High—due to liquidity sweep + demand tap + immediate rejection
EURJPY has reached a major higher-timeframe discount zone and swept downside liquidity. Price tapped into a strong demand block and instantly rejected, signaling potential bullish reversal. With clean imbalances above and prior structural levels acting as magnets, this area provides a high-probability long setup. As long as price holds above 182.60, bullish targets remain valid.
Disclaimer: for educational purpose only.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.