Eurjpy bearish SETUP
Euro price against the yen has been steadily ranging upwards until this week where price taped into 4hr supply zone. We have:
1. Break of structure to the downside
2. Momentum candle (bearish)
3. 1 hour fair value gap
4. Range formation
Upon failure to mitigate supply, price has an unmitigated demand zone below.
1. Break of structure to the downside
2. Momentum candle (bearish)
3. 1 hour fair value gap
4. Range formation
Upon failure to mitigate supply, price has an unmitigated demand zone below.
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