There’s a support zone at the bottom, where price is currently consolidating.
You’ve drawn a long (buy) setup with a risk-reward box, anticipating a reversal or breakout upward.
Entry appears near 144.50, with stop loss slightly below recent lows and target near the upper trendline (~146).
If you’re asking for help interpreting or confirming this setup, here’s a quick breakdown:
What’s good:
Price is at a strong support level.
There’s a bullish engulfing or reversal candle forming.
The trendline breakout is a valid setup to catch early reversal.
Consider:
Wait for confirmation, like a candle close above the trendline.
Use a tight stop loss if you're entering before a confirmed breakout.
Check for news or fundamentals affecting USD/JPY soon.
You’ve drawn a long (buy) setup with a risk-reward box, anticipating a reversal or breakout upward.
Entry appears near 144.50, with stop loss slightly below recent lows and target near the upper trendline (~146).
If you’re asking for help interpreting or confirming this setup, here’s a quick breakdown:
What’s good:
Price is at a strong support level.
There’s a bullish engulfing or reversal candle forming.
The trendline breakout is a valid setup to catch early reversal.
Consider:
Wait for confirmation, like a candle close above the trendline.
Use a tight stop loss if you're entering before a confirmed breakout.
Check for news or fundamentals affecting USD/JPY soon.
Trade closed: stop reached
stop loss hit and setup goes downward direction
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BEST Technical Analysis Best Trader - Master Of Market I’m here to give back what I have learned and earned. FREE SIGNAL ( 95% winning rate ) FREE MAPPING TP AND SL PROVIDE INVESTMENT OF
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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.