EUR/JPY (Daily > M15)Euro vs Japanese YenBLACKBULL:EURJPYTitikSona1. Pair & Timeframe Pair: EUR/JPY Timeframe: 15M (M15) Higher timeframe context: H1 & H4 for overall trend direction and key zones. 2. Market Structure Price previously traded in a bearish channel (descending trendline visible on the chart). Currently, price is near the demand zone (gray area at the bottom), signaling potential reaction. Previous supply zone is clearly marked at the top (blue area), which is a major resistance. 3. Key Zones Supply Zone (Resistance): 172.445 – 172.748 (blue zone at the top). Strong area where sellers previously pushed price down. Demand Zone (Support): 171.316 – 171.579 (gray zone at the bottom). Price is currently testing this demand area. 4. Validation & Bias Price is inside the demand zone after a downward move within a channel. Watch for bullish confirmation on M5/M15 (e.g., rejection wicks, bullish engulfing) for a potential buy setup. If demand fails and price breaks below 171.300, bearish continuation is likely. 5. Trade Plan Buy Setup: Entry: Within 171.316 – 171.579 after bullish confirmation. SL: Below 171.300 (safe buffer). TP1: 171.930 (minor structure). TP2: 172.445 (previous supply zone). Risk to Reward: Minimum 1:2 or better. 6. Alternative Scenario If price fails to hold demand and closes below 171.300, expect a continuation to the downside toward 171.000 and lower levels. ✅ Bias: Bullish if demand zone holds, bearish if broken. ✅ Key Idea: Wait for confirmation before entering, as price is at a critical zone.