Here’s a detailed breakdown of your USD/JPY trade setup based on the latest chart:
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Chart Analysis (3H Timeframe)
Trend Context:
Prior downtrend with multiple breaks of structure (BOS) and continuation of lower highs/lows.
Recent liquidity sweep + double bottom near 140.518, indicating a potential reversal.
First bullish move breaking structure hints at buyers stepping in.
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Trade Details:
Entry Point: 142.862 (as marked on the chart)
Stop Loss (SL): 140.518 (below double bottom and liquidity sweep)
Take Profit 1 (TP1): 146.000 (mid-range resistance before 200 EMA & supply zone)
Final Target: 150.014 (top of green box, historical supply area)
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Support & Resistance Zones:
Support Zones:
1. 140.518 – Strong support (double bottom + liquidity grab zone)
2. 142.000–142.500 – Recent minor support after break and retest
3. 143.300–143.500 – Flip zone, previously support turned resistance
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Resistance Zones:
1. 146.000 – First real resistance, aligns with 200 EMA
2. 147.300–147.800 – Prior supply zone / consolidation zone
3. 150.014–149.000 – Final target zone, strong resistance and historical supply
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Additional Observations:
EMA 200 is sloping down; price might react near it before continuing up.
Risk-Reward looks to be around 1:3+, making this a high-probability trade if structure holds.
Potential breaker block or order block just above current price might offer re-entry if it pulls back.
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Chart Analysis (3H Timeframe)
Trend Context:
Prior downtrend with multiple breaks of structure (BOS) and continuation of lower highs/lows.
Recent liquidity sweep + double bottom near 140.518, indicating a potential reversal.
First bullish move breaking structure hints at buyers stepping in.
---
Trade Details:
Entry Point: 142.862 (as marked on the chart)
Stop Loss (SL): 140.518 (below double bottom and liquidity sweep)
Take Profit 1 (TP1): 146.000 (mid-range resistance before 200 EMA & supply zone)
Final Target: 150.014 (top of green box, historical supply area)
---
Support & Resistance Zones:
Support Zones:
1. 140.518 – Strong support (double bottom + liquidity grab zone)
2. 142.000–142.500 – Recent minor support after break and retest
3. 143.300–143.500 – Flip zone, previously support turned resistance
Please hit the like button and
Leave a comment to support for My Post!
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, JAMES_GOLD_MASTER_MQL5
Thank you.
Resistance Zones:
1. 146.000 – First real resistance, aligns with 200 EMA
2. 147.300–147.800 – Prior supply zone / consolidation zone
3. 150.014–149.000 – Final target zone, strong resistance and historical supply
---
Additional Observations:
EMA 200 is sloping down; price might react near it before continuing up.
Risk-Reward looks to be around 1:3+, making this a high-probability trade if structure holds.
Potential breaker block or order block just above current price might offer re-entry if it pulls back.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.