Here we providing USD/JPY 4H chart we've shared, here’s the breakdown of the bullish buy setup:
Pattern:
Demand Zone: Marked in red (around 142.800 to 144.000).
Multiple touches of this zone with price rejecting it, indicating strong buying interest.
Higher lows suggesting bullish structure.
Entry marked above the demand zone with expectation of continuation upward.
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Buy Setup:
Entry Zone: Around 145.000–145.300
Stop Loss (SL): Below demand zone at ~142.800
Take Profits (TPs):
1. TP1: 146.800 (minor resistance)
2. TP2: 148.654 (marked target area on the chart)
3. TP3: 149.280 (next resistance zone)
Risk to Reward (Approx):
RRR is about 3:1, meaning high reward potential for relatively low risk.
Let me know if you want the same setup analysed for a different timeframe or pair.
Pattern:
Demand Zone: Marked in red (around 142.800 to 144.000).
Multiple touches of this zone with price rejecting it, indicating strong buying interest.
Higher lows suggesting bullish structure.
Entry marked above the demand zone with expectation of continuation upward.
---
Buy Setup:
Entry Zone: Around 145.000–145.300
Stop Loss (SL): Below demand zone at ~142.800
Take Profits (TPs):
1. TP1: 146.800 (minor resistance)
2. TP2: 148.654 (marked target area on the chart)
3. TP3: 149.280 (next resistance zone)
Risk to Reward (Approx):
RRR is about 3:1, meaning high reward potential for relatively low risk.
Let me know if you want the same setup analysed for a different timeframe or pair.
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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.
JOIN MY TELEGRAM:
FREE SIGNALS TECHNICAL CHART AND EDUCATOIN
t.me/+j_sv6p9sL5I0MDY0
FREE SIGNALS TECHNICAL CHART AND EDUCATOIN
t.me/+j_sv6p9sL5I0MDY0
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.