Евро / Японская иенаДлинная
Bullish Opportunity in EUR/JPY After Break of Structure
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Market Overview:
In the 15-minute timeframe, the EUR/JPY pair has shown a Break of Structure (BOS) to the upside, indicating a potential bullish momentum. The price has created a new high and is now retracing to the M15 demand zone. This zone also aligns with an Order Block (OB), reinforcing its strength as a potential entry point.
Entry: Monitor the M15 demand zone for bullish confirmation before entering.
Stop-Loss (SL): Place below the M15 demand zone to protect against a false breakout.
Take-Profit (TP): Target the next significant resistance level for a favorable risk-to-reward ratio.
Recommendation:
This setup offers a good risk-to-reward ratio. Traders should watch for bullish price action in the M15 demand zone for entry confirmation. Proper risk management is essential, and adjusting the stop-loss to break even once the trade is in profit is advised.
Happy trading!
In the 15-minute timeframe, the EUR/JPY pair has shown a Break of Structure (BOS) to the upside, indicating a potential bullish momentum. The price has created a new high and is now retracing to the M15 demand zone. This zone also aligns with an Order Block (OB), reinforcing its strength as a potential entry point.
Entry: Monitor the M15 demand zone for bullish confirmation before entering.
Stop-Loss (SL): Place below the M15 demand zone to protect against a false breakout.
Take-Profit (TP): Target the next significant resistance level for a favorable risk-to-reward ratio.
Recommendation:
This setup offers a good risk-to-reward ratio. Traders should watch for bullish price action in the M15 demand zone for entry confirmation. Proper risk management is essential, and adjusting the stop-loss to break even once the trade is in profit is advised.
Happy trading!
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