🔵 USD/JPY Short Setup – Resistance Rejection with R/R 2.06
Price action on the 1H chart shows a clean rejection from the volume cluster resistance zone near 145.85–146.00, backed by Stochastic RSI turning down from overbought territory.
📉 Entry: 145.845
🎯 Target: 144.830
🛑 Stop Loss: 146.282
📊 Risk/Reward Ratio: 2.06
⏱️ Timeframe: 18 hours projection
🔍 Technical Factors:
Volume Profile Resistance: Strong supply area at 145.85–146.30 has capped upward momentum.
EMA Pressure: Price retesting below the 50 EMA, with 200 EMA well below suggesting possible downside room.
Stochastic RSI: Bearish crossover near 70 signals short-term exhaustion.
Bearish Candle Structure: Rejection wick and bearish confirmation following attempted breakout.
Price action on the 1H chart shows a clean rejection from the volume cluster resistance zone near 145.85–146.00, backed by Stochastic RSI turning down from overbought territory.
📉 Entry: 145.845
🎯 Target: 144.830
🛑 Stop Loss: 146.282
📊 Risk/Reward Ratio: 2.06
⏱️ Timeframe: 18 hours projection
🔍 Technical Factors:
Volume Profile Resistance: Strong supply area at 145.85–146.30 has capped upward momentum.
EMA Pressure: Price retesting below the 50 EMA, with 200 EMA well below suggesting possible downside room.
Stochastic RSI: Bearish crossover near 70 signals short-term exhaustion.
Bearish Candle Structure: Rejection wick and bearish confirmation following attempted breakout.
GODO Capital Markets
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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.
GODO Capital Markets
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.