USD/JPY Long Scalp Setup – Potential Reversal from Support Zone
Updated
Entry: 143.30 (Looking to buy from the support zone)
Entry 2: 143.200
Stop Loss (SL): Below 142.54 to protect against downside risk if the support breaks.
Take Profit (TP):
TP1: 143.990 (First resistance zone)
TP2: 144.850 (Next major resistance level)
Analysis:
Support Zone: The price is currently hovering near a key support level around 143.30, showing signs of potential bullish reversal.
Upside Momentum: A bounce from this zone could push the price toward the first resistance at 144.85 and potentially further to 145.05.
Risk Management: SL placed below 142.54 ensures protection in case of a bearish breakout.
Entry 2: 143.200
Stop Loss (SL): Below 142.54 to protect against downside risk if the support breaks.
Take Profit (TP):
TP1: 143.990 (First resistance zone)
TP2: 144.850 (Next major resistance level)
Analysis:
Support Zone: The price is currently hovering near a key support level around 143.30, showing signs of potential bullish reversal.
Upside Momentum: A bounce from this zone could push the price toward the first resistance at 144.85 and potentially further to 145.05.
Risk Management: SL placed below 142.54 ensures protection in case of a bearish breakout.
Trade active
FIRST ENTRY ACTIVE NOWTrade active
SECOND AND FINAL ENTRY ACTIVE NOWTrade closed: stop reached
THIS WAS JUST BAD LUCK, IT WENT UP RIGHT AFTER HITTING OUR SL.
Losses are part of the game.
We are traders, not robbers.
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