USD/JPY Short Setup - 1:4.8 RR
I have entered a short on USD/JPY after price broke below a key ascending trendline on the 1H chart. Entered at 143.658 with a Stop Loss set at 144.520 (-89 pips risk).
Target Levels:
TP1: 142.189 (+148 pips) - Moving SL to break even once this is hit.
TP2: 141.319 (+235 pips)
TP3: 139.579 (+407 pips)
This setup offers a solid risk-to-reward ratio, with multiple profit targets for a gradual exit.
Target Levels:
TP1: 142.189 (+148 pips) - Moving SL to break even once this is hit.
TP2: 141.319 (+235 pips)
TP3: 139.579 (+407 pips)
This setup offers a solid risk-to-reward ratio, with multiple profit targets for a gradual exit.
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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.