From weekly bullish engulfing pattern, and daily break of bearish trend channel and 4-hourly break of structure, USDJPY seems to be bullish.
Entry Price: 142.85 to buy low
Stop-loss: 141.50 to allow scale-in / averaging for stop-hunts / sell-side liquidity
Target Profit: 146.00
Reward-to-Risk: 2.33
Entry Price: 142.85 to buy low
Stop-loss: 141.50 to allow scale-in / averaging for stop-hunts / sell-side liquidity
Target Profit: 146.00
Reward-to-Risk: 2.33
Order cancelled
Price did not come down low enough, so missed the trade.
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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.