Here We providing for USD/JPY on the 1-hour timeframe, here are the suggested buy take-profit levels (TPs) and stop loss (SL):
Buy Entry:
Around 143.70 (current market area near the support line).
#Take Profits (TP):
#1. TP1: 145.000
(This is the first target marked on the chart, likely around a breakout from the descending channel resistance.)
##2. TP2: 147.625
(Second target, aligning with a potential return to previous highs above the resistance zone.)
Stop Loss (SL):
Around 142.300
(Below the support line and marked "STOP LOSS" level on the chart to allow room for volatility.)
Point to be noted: 👇
These levels assume a bullish reversal from the support line as the price breaks above the descending channel. Make sure to monitor for confirmation signals like bullish candlesticks or volume spikes before entering.
Buy Entry:
Around 143.70 (current market area near the support line).
#Take Profits (TP):
#1. TP1: 145.000
(This is the first target marked on the chart, likely around a breakout from the descending channel resistance.)
##2. TP2: 147.625
(Second target, aligning with a potential return to previous highs above the resistance zone.)
Stop Loss (SL):
Around 142.300
(Below the support line and marked "STOP LOSS" level on the chart to allow room for volatility.)
Point to be noted: 👇
These levels assume a bullish reversal from the support line as the price breaks above the descending channel. Make sure to monitor for confirmation signals like bullish candlesticks or volume spikes before entering.
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.