EURJPY Breaking Bullish Structure on H1
The H4 timeframe shows a bullish trend has broken and turned bearish.
Similarly, the H1 timeframe has shifted from bullish to bearish.
Plan A: Price is retracing to a potential liquidity pool area - this is a corrective wave, so we'll set up a sell order at the liquidity pool area. Only sell with confirmation of entry here.
If Plan A hits stop loss, continue to watch for selling opportunities according to Plan B. Only sell with confirmation of entry.
Similarly, the H1 timeframe has shifted from bullish to bearish.
Plan A: Price is retracing to a potential liquidity pool area - this is a corrective wave, so we'll set up a sell order at the liquidity pool area. Only sell with confirmation of entry here.
If Plan A hits stop loss, continue to watch for selling opportunities according to Plan B. Only sell with confirmation of entry.
Trade closed: target reached