Hello traders,
I believe there is a high probability of forming a false breakout in EUR/JPY m15.
If price breaks below the horizontal level (blue line) and forms a swing low during the time cycle zone (two vertical lines) I expect that price moves upwards and that breakout becomes false breakout. So I'm looking for a long position in the time cycle zone.
Good luck
P.S. Note that this analysis is my opinion and might be wrong. It is not a trading advice.