**Trade Idea for USD/JPY (30-Minute Chart)**
- **Entry Point:** Around 142.061 – 142.211
- **Trade Setup:** The market has shown a downtrend followed by a potential reversal pattern near the support zone. A bounce from the support area (marked as the entry zone) indicates a bullish opportunity.
- **Confirmation:** Wait for a bullish candlestick pattern or confirmation before entering the trade.
- **Target Point:** 143.589
- **Risk/Reward:** This setup offers a favorable risk-to-reward ratio, targeting a previous resistance zone.
**Strategy Summary:**
Buy near the support area after confirmation and aim for the resistance zone at 143.589. Monitor price action closely for any sign of trend reversal or consolidation near the entry zone.
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Get free FOREX and Gold signals!
Join our Telegram channel for 3-7 daily signals:
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Stay ahead with our expert analysis for #XAUUSD and other forex markets. #forexsignals
Join our Telegram channel for 3-7 daily signals:
t.me/+7zBIVbIHrNo3OTY8
Stay ahead with our expert analysis for #XAUUSD and other forex markets. #forexsignals
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.