USDJPY BUY📊 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.
