USSJPY Breakdown the decsending channel
USD/JPY Breakdown Alert – Sell Opportunity
1. The USD/JPY pair has broken down from the descending channel, signaling a strong bearish move.
2. Prior to this, the price had already broken the trendline, further confirming downside momentum.
3. After the trendline breakdown, the pair consolidated before making another bearish move.
4. The breakdown of the descending channel now provides a fresh selling opportunity.
5. The recommended sell entry level is 150.600, based on current price action.
6. Target Level 1 is set at 148.660, marking the first key support zone.
7. Target Level 2 is set at 146.370, aligning with the next major support level.
8. The EMA 50 on the 4-hour timeframe supports the bearish outlook.
9. Price is currently trading below the EMA 50, confirming the downtrend continuation.
10. A sustained move below 150.600 will increase selling pressure.
11. The bearish structure remains intact unless price reclaims 150.600.
12. A stop-loss can be placed above 151.200 to manage risk effectively.
13. The recent price action shows lower highs and lower lows, reinforcing the bearish bias.
14. If the pair fails to hold 148.660, it could accelerate toward 146.370.
15. The descending channel breakdown indicates a shift in market sentiment.
16. Fundamental factors, such as U.S. economic data, may further influence movement.
17. Traders should monitor volume levels for confirmation of the sell-off.
18. RSI and MACD may provide additional confirmation of bearish momentum.
19. Patience and proper risk management are key while executing this trade.
20. Stay updated with market developments to adjust trading strategy accordingly.
1. The USD/JPY pair has broken down from the descending channel, signaling a strong bearish move.
2. Prior to this, the price had already broken the trendline, further confirming downside momentum.
3. After the trendline breakdown, the pair consolidated before making another bearish move.
4. The breakdown of the descending channel now provides a fresh selling opportunity.
5. The recommended sell entry level is 150.600, based on current price action.
6. Target Level 1 is set at 148.660, marking the first key support zone.
7. Target Level 2 is set at 146.370, aligning with the next major support level.
8. The EMA 50 on the 4-hour timeframe supports the bearish outlook.
9. Price is currently trading below the EMA 50, confirming the downtrend continuation.
10. A sustained move below 150.600 will increase selling pressure.
11. The bearish structure remains intact unless price reclaims 150.600.
12. A stop-loss can be placed above 151.200 to manage risk effectively.
13. The recent price action shows lower highs and lower lows, reinforcing the bearish bias.
14. If the pair fails to hold 148.660, it could accelerate toward 146.370.
15. The descending channel breakdown indicates a shift in market sentiment.
16. Fundamental factors, such as U.S. economic data, may further influence movement.
17. Traders should monitor volume levels for confirmation of the sell-off.
18. RSI and MACD may provide additional confirmation of bearish momentum.
19. Patience and proper risk management are key while executing this trade.
20. Stay updated with market developments to adjust trading strategy accordingly.
Trade active
USD/JPY Trade Update – Sell Position Active!
USD/JPY has touched the entry level at 150.600, activating sell trades! Now is the time to open your positions.
Target 1: 148.660
Target 2: 146.370
The pair is consistently following the descending channel—stay patient, wait for targets to hit, and secure your profits!
#USDJPY #ForexTrading #SellTrade #ProfitTargets #TradingSignals
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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.
Related publications
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.