📊 EUR/JPY - Order Block & Break of Structure (BOS) Strategy 📊
Tracking EUR/JPY on the 15-minute timeframe, we see a potential bullish setup based on order blocks (OBs) and smart money concepts (SMC). However, confirmation via Break of Structure (BOS) on lower timeframes will be key before entering a trade.
Key Zones:
Bullish Order Block (Demand Zone): 161.000 - 160.700
Expecting price to drop into this area, where institutions previously showed strong buying pressure.
Looking for BOS on lower timeframes (M5/M1) to confirm bullish intent before entering a buy position.
Bearish Order Block (Supply Zone): 163.500 - 163.700
A strong resistance level where price previously sold off.
If price reaches this area, we could see a reaction or potential reversal.
Trade Plan:
📉 Wait for price to enter the demand zone (161.000 - 160.700).
🔎 Look for a Break of Structure (BOS) on lower timeframes (M5/M1) to confirm bullish reversal.
✅ Enter a long position upon confirmation.
🎯 Targeting the supply zone at 163.500 - 163.700.
⚠️ Stop-loss below 160.700 to manage risk.
Tracking EUR/JPY on the 15-minute timeframe, we see a potential bullish setup based on order blocks (OBs) and smart money concepts (SMC). However, confirmation via Break of Structure (BOS) on lower timeframes will be key before entering a trade.
Key Zones:
Bullish Order Block (Demand Zone): 161.000 - 160.700
Expecting price to drop into this area, where institutions previously showed strong buying pressure.
Looking for BOS on lower timeframes (M5/M1) to confirm bullish intent before entering a buy position.
Bearish Order Block (Supply Zone): 163.500 - 163.700
A strong resistance level where price previously sold off.
If price reaches this area, we could see a reaction or potential reversal.
Trade Plan:
📉 Wait for price to enter the demand zone (161.000 - 160.700).
🔎 Look for a Break of Structure (BOS) on lower timeframes (M5/M1) to confirm bullish reversal.
✅ Enter a long position upon confirmation.
🎯 Targeting the supply zone at 163.500 - 163.700.
⚠️ Stop-loss below 160.700 to manage risk.
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.