USDJPY (2H Timeframe) Analysis
Market Structure:
The price is currently testing a key resistance level, which has previously acted as a barrier to upward movement. Signs of rejection at this level indicate potential selling pressure.
Forecast:
A sell opportunity is anticipated if the price continues to face rejection from the resistance zone, signaling a possible move downward.
Key Levels to Watch:
Entry Zone: Near the resistance level after confirmation of rejection.
Risk Management:
Stop Loss: Placed above the resistance zone or recent swing high to minimize risk.
Take Profit: Target the nearest support levels for potential downside movement.
Market Sentiment:
Selling pressure is expected to dominate as long as the price remains below the resistance level, maintaining a bearish outlook.
Market Structure:
The price is currently testing a key resistance level, which has previously acted as a barrier to upward movement. Signs of rejection at this level indicate potential selling pressure.
Forecast:
A sell opportunity is anticipated if the price continues to face rejection from the resistance zone, signaling a possible move downward.
Key Levels to Watch:
Entry Zone: Near the resistance level after confirmation of rejection.
Risk Management:
Stop Loss: Placed above the resistance zone or recent swing high to minimize risk.
Take Profit: Target the nearest support levels for potential downside movement.
Market Sentiment:
Selling pressure is expected to dominate as long as the price remains below the resistance level, maintaining a bearish outlook.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
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.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
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.