EURJPY: THE MOST PROFITABLE TREND FOR NEXT WEEK!!!!.
EJ took out buyside liquidity creating turtle soup ( Smart money repricing ), leading to the current sell situation we're having.
Price already took out the external range liquidity to the upside which is causing it to attack the internal range liquidity, the smart money buy sell stops and sell them to willing buyers, and the sell buystops and buy from. willing sellers.
we're expecting the smart money to sell their buy orders to willing buyers which resides in the relative equal low below.
we also have a weekly order block which price is going to mitigate below the sellside liquidity, there we expect price to start booking buying orders.
EURJPY is heavily bearish for now, and buying opportunities are low probability.
Short trade will be more profitable.
STEFANFX.......
Price already took out the external range liquidity to the upside which is causing it to attack the internal range liquidity, the smart money buy sell stops and sell them to willing buyers, and the sell buystops and buy from. willing sellers.
we're expecting the smart money to sell their buy orders to willing buyers which resides in the relative equal low below.
we also have a weekly order block which price is going to mitigate below the sellside liquidity, there we expect price to start booking buying orders.
EURJPY is heavily bearish for now, and buying opportunities are low probability.
Short trade will be more profitable.
STEFANFX.......
Trade active:
Price just traded into a premium price swing allowing the smartmoney to short the market an expensive price.
Trade closed: stop reached