EURJPY 12/13-Nov-2024 Possible Day trading Idea

EURJPY Day trading Idea

1.EURJPY is in a bullish trend
2.I am looking for buys on a HL
3.Current trend is Pro trend
4.Price recently broke above previous H, formed a new H. left out a clean consolidation range before breakout. (In higher timeframes this will appear as OB)

By highlighting the recent BOS; HH; recently formed HL, i can apply the FIB levels to identify the possible entry point where price has already reacted to it. but going down to LTF we can identify a MSS, and another possible area for entry.

Proper risk management can be applied, This is a B setup trade.

BOS-->HH-->HL---> Look for discounted prices for HL