Hello! Based on the formation of the CHOCH structure and the identification of key supply and demand zones, I have analyzed the EUR/JPY pair on the 1-hour timeframe.
If the price can reach the demand zone and receive confirmation, we can consider entering a long position. The potential targets could be the supply zones, which act as significant resistance levels.
Please note that trading decisions should be made based on thorough analysis, risk management, and your individual trading strategy.
If the price can reach the demand zone and receive confirmation, we can consider entering a long position. The potential targets could be the supply zones, which act as significant resistance levels.
Please note that trading decisions should be made based on thorough analysis, risk management, and your individual trading strategy.
Trade closed: target reached