USDJPY H1 I Bearish Breakout?
Based on the H1 chart analysis, we can see that the price is falling to our sell entry at 157.04, A bearish breakout.
Our take profit will be at 156.22, which is a pullback support level.
The stop loss will be placed at 157.80, which is a swing high level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our take profit will be at 156.22, which is a pullback support level.
The stop loss will be placed at 157.80, which is a swing high level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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