EURJPY Bearish Trade Setup - Eyeing SMC FVG Orderblock
🔍 Technical Analysis:
EURJPY signals potential for a bearish move as it approaches the SMC FVG Orderblock.
Historical data suggests this area has acted as significant resistance.
Monitoring for bearish confirmation signals.
📊 Trade Plan:
Entry Point: Consider initiating a short position upon rejection or bearish confirmation within the SMC FVG Orderblock.
Stop Loss: Place above recent swing high to manage risk effectively.
Take Profit: Targeting support levels or prior lows.
🚨 Risk Management:
Implement proper risk management techniques.
Stay informed about economic events affecting EUR and JPY.
📈 Disclaimer:
Not financial advice. Perform own analysis. Trade responsibly.
👉 Note: Keep a close watch on price action for timely adjustments.
Happy Trading! 🌐💹
🔍 Technical Analysis:
EURJPY signals potential for a bearish move as it approaches the SMC FVG Orderblock.
Historical data suggests this area has acted as significant resistance.
Monitoring for bearish confirmation signals.
📊 Trade Plan:
Entry Point: Consider initiating a short position upon rejection or bearish confirmation within the SMC FVG Orderblock.
Stop Loss: Place above recent swing high to manage risk effectively.
Take Profit: Targeting support levels or prior lows.
🚨 Risk Management:
Implement proper risk management techniques.
Stay informed about economic events affecting EUR and JPY.
📈 Disclaimer:
Not financial advice. Perform own analysis. Trade responsibly.
👉 Note: Keep a close watch on price action for timely adjustments.
Happy Trading! 🌐💹