EURJPY Forecast – Market Structure Shift (15-Minute Timeframe)
The EURJPY pair has recently shown a Market Structure Shift (MSS) on the 15-minute timeframe, suggesting a potentially strong bullish move is imminent. This shift follows last week's aggressive bearish momentum, which likely left a trail of liquidity pools above the current price.
However, before the market begins this bullish run, it is expected to mitigate the Order Block (OB) below the current structure. This will likely trigger retail traders to enter short positions, creating more liquidity for smart money to capitalize on.
Once this mitigation is complete, I anticipate a rapid upside movement, targeting and sweeping liquidity up to the 163.50 area.
After reaching this level, the market is expected to reverse and head downward, targeting liquidity resting below, potentially reaching the 158.50 zone.
From this level, I expect EURJPY to gain strong bullish momentum once again, aiming for an extended move towards the 165.00 area.
The EURJPY pair has recently shown a Market Structure Shift (MSS) on the 15-minute timeframe, suggesting a potentially strong bullish move is imminent. This shift follows last week's aggressive bearish momentum, which likely left a trail of liquidity pools above the current price.
However, before the market begins this bullish run, it is expected to mitigate the Order Block (OB) below the current structure. This will likely trigger retail traders to enter short positions, creating more liquidity for smart money to capitalize on.
Once this mitigation is complete, I anticipate a rapid upside movement, targeting and sweeping liquidity up to the 163.50 area.
After reaching this level, the market is expected to reverse and head downward, targeting liquidity resting below, potentially reaching the 158.50 zone.
From this level, I expect EURJPY to gain strong bullish momentum once again, aiming for an extended move towards the 165.00 area.
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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.