EURJPY ANALYSIS: IS IT READY TO DROP?

17 Jan 2022We see price forming an arch price action. The strength of JPY is strengthening. Price might respect the order block around 130.80 and if it does not we will expect price to try to liquidate the buyside orders before it drops like a capsule from space. Structure is forming LLs and LHs. We will catch the exhaustions on its way down to scale in. 1% to be risked in this setup and 8% as a target. Monitoring of price will be based on my trading plan