The USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further advances in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Entry (Sell Limit): 144.435
Stop Loss: 144.669
Take Profit: 143.768
This is Sell Limit entry and wait for pullback to enter the trade
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Entry (Sell Limit): 144.435
Stop Loss: 144.669
Take Profit: 143.768
This is Sell Limit entry and wait for pullback to enter the trade
Trade active
Trade closed: stop reached
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.
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.