EURJPY
Let me explain my EURJPY BUY idea on the 15-minute timeframe in a simple way.
Why Buy?
1. The daily trend is still bullish (overall upward direction).
2. On the daily chart, we had a double break of structure this is a strong sign that buyers are in control.
3. I took the entry from the closest breaker block (a demand zone where price previously reacted strongly).
On the 15-minute chart, price has pulled back into this zone and is now showing signs of bouncing. That's why I'm looking for a buy from here.
G
@godswillfx
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4 hours ago
Risk Management Reminder:
Place your stop loss below the breaker block and target the next resistance area. Always use proper position size.
This is a higher-timeframe bias setup on the 15m. As always, trade with caution and manage your risk.