This chart displays a technical analysis of the USD/JPY forex pair using several advanced tools and concepts often seen in smart money or institutional trading strategies. Here's a breakdown of the tools and patterns used:
1. Market Structure & Key Levels.
CHOCH (Change of Character)*: Indicates a shift in market direction from bullish to bearish or vice versa.
BOS (Break of Structure)*: Highlights areas where the market has broken previous highs or lows, confirming a trend continuation or reversal.
SSL (Sell-Side Liquidity)* and *BSL (Buy-Side Liquidity)*: Mark areas where stop orders may be clustered, often targeted by large institutions.
2. Zones and Blocks.
Resistance Zone*: Highlighted at the top, expected to act as a ceiling where price may struggle to break through.
Order Block (OB): A zone where institutional orders may reside, often acting as a strong support/resistance.
FVG (Fair Value Gap): An imbalance or inefficiency in price action, which price often returns to fill.
Consolidation Area: A sideways market movement where price gathers momentum before breaking out.
3. Technical Tools.
Trendline*: Drawn from the swing highs, eventually broken, indicating a trend breakout.
Trend Breakout Label*: Indicates the point at which the downtrend line is broken, suggesting a bullish reversal.
4. Forecasting and Projections.
Red Arrow & Path Forecast*: Suggests an anticipated bullish move after retracing to the OB zone, eventually targeting above 148.500.
5. Annotations.
Educational Disclaimer*: “This chart is just for educational purpose.
6. Summary.
"The USD/JPY pair has broken out after a long fall and is now recovering/gaining momentum."
News: USD/JPY holds losses below 143.00 ahead of US-Japan trade talks.
I hope you understand it. This is my analysis. What you think about it, write in comment section.
1. Market Structure & Key Levels.
CHOCH (Change of Character)*: Indicates a shift in market direction from bullish to bearish or vice versa.
BOS (Break of Structure)*: Highlights areas where the market has broken previous highs or lows, confirming a trend continuation or reversal.
SSL (Sell-Side Liquidity)* and *BSL (Buy-Side Liquidity)*: Mark areas where stop orders may be clustered, often targeted by large institutions.
2. Zones and Blocks.
Resistance Zone*: Highlighted at the top, expected to act as a ceiling where price may struggle to break through.
Order Block (OB): A zone where institutional orders may reside, often acting as a strong support/resistance.
FVG (Fair Value Gap): An imbalance or inefficiency in price action, which price often returns to fill.
Consolidation Area: A sideways market movement where price gathers momentum before breaking out.
3. Technical Tools.
Trendline*: Drawn from the swing highs, eventually broken, indicating a trend breakout.
Trend Breakout Label*: Indicates the point at which the downtrend line is broken, suggesting a bullish reversal.
4. Forecasting and Projections.
Red Arrow & Path Forecast*: Suggests an anticipated bullish move after retracing to the OB zone, eventually targeting above 148.500.
5. Annotations.
Educational Disclaimer*: “This chart is just for educational purpose.
6. Summary.
"The USD/JPY pair has broken out after a long fall and is now recovering/gaining momentum."
News: USD/JPY holds losses below 143.00 ahead of US-Japan trade talks.
I hope you understand it. This is my analysis. What you think about it, write in comment section.
Trade active
Bullish trade Entry 142.600target 148.00
stop loss 140.500
use proper risk management.
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.