EURJPY Possible Bearish Correction
The weekly structure is bullish, the price has
reacted perfectly on the Points of Interest (POI)
marked. Now that the price is accumulating and
showing upward weakness, we look for possible
areas where the price could reverse and make a
correction or structure change.
1st Zone.
This zone has previously been mitigated by
showing price rejections. If the OB has previously
been mitigated twice, that Offer zone will become
Liquidity, so 100% of the OB will have to be
completely mitigated or exceed the zone.
2nd Zone.
The marked area is above the 1st OB, which is
part of the liquidity. This Offer zone has not been
mitigated + it is the 1st zone where the price has
reversed and respected the zones of interest
towards the downside.
reacted perfectly on the Points of Interest (POI)
marked. Now that the price is accumulating and
showing upward weakness, we look for possible
areas where the price could reverse and make a
correction or structure change.
1st Zone.
This zone has previously been mitigated by
showing price rejections. If the OB has previously
been mitigated twice, that Offer zone will become
Liquidity, so 100% of the OB will have to be
completely mitigated or exceed the zone.
2nd Zone.
The marked area is above the 1st OB, which is
part of the liquidity. This Offer zone has not been
mitigated + it is the 1st zone where the price has
reversed and respected the zones of interest
towards the downside.
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