Evening Traders,
Today’s analysis – EURJPY – trading at a key resistance region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Swing Failure
- Low Volume
EURJPY’s immediate price action is trading at an order block resistance with a potential swing failure, allowing for a bearish bias.
The current volume is below average, an influx is imminent on the next expansion.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
Overall, in my opinion, EURJPY is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee
Today’s analysis – EURJPY – trading at a key resistance region where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Local OB Resistance
- Swing Failure
- Low Volume
EURJPY’s immediate price action is trading at an order block resistance with a potential swing failure, allowing for a bearish bias.
The current volume is below average, an influx is imminent on the next expansion.
The immediate objective is the swing high, exceeding this level will lead to a trend continuation.
Overall, in my opinion, EURJPY is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“All statistics have outliers. Money management, therefore, is key to the process of good trading.”
― Yvan Byeajee