EUR/JPY Long with 5.1 R/R - bullish Orderblock + OTE
Dear Traders all around the world!
EUR/JPY is currently approaching a bullish OB right where OTE is. Along with that, we have support from the hourly 200-EMA.
Overall targetting for EQ of a liquidity void above our previous two swing-highs.
Note: A 4hr close above 126.720 is needed in order to reach our target. If we don't manage to do that, I'd take profit at this level.
Making use of 126.217 as a Stop-Loss here.
EUR/JPY is currently approaching a bullish OB right where OTE is. Along with that, we have support from the hourly 200-EMA.
Overall targetting for EQ of a liquidity void above our previous two swing-highs.
Note: A 4hr close above 126.720 is needed in order to reach our target. If we don't manage to do that, I'd take profit at this level.
Making use of 126.217 as a Stop-Loss here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.