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EUR/JPY – Short Entry @ 161.316
Entry Justification
Price rejected off the upper boundary of a well-defined range that has held since early April. The area aligns with a supply zone formed after the last impulsive sell-off. A Break of Structure occurred a few days prior, shifting internal order flow bearish and invalidating the prior bullish leg.
Today’s entry capitalized on a textbook retest of the range high, where price wicked into the upper liquidity pocket and immediately sold off, confirming continued seller interest. This entry offered high reward-to-risk potential with tight invalidation parameters and clear structure control.
Macro Alignment
- Euro weakened by dovish ECB tone, increasing likelihood of June rate cuts
- JPY gaining mild strength on recent risk-off shifts and flight to safety behavior
- Global equity market hesitations support further downward pressure on EUR/JPY
Trade Logic:
-Range-top rejection with bearish order flow confirmation
-BOS already printed prior to entry, offering structure-based conviction
-Macro + sentiment alignment supports short bias
-Technical entry aligned with bearish liquidity cycle and exhaustion at highs
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.