#EURJPY

If you're observing a downtrend from such an order block on a 1-hour timeframe for EURJPY, it indicates that sellers have been dominant in this market, pushing the price lower.


I expect a retracement to the order block before down ward movement
Remember, trading based on technical analysis requires careful consideration and risk management. It's essential to combine technical analysis with other forms of analysis and to have a well-defined trading plan. Additionally, always consider the broader market context and potential risk factors that could impact your trades.