USD/JPY is currently forming a bullish reversal pattern on the 1-hour chart. If the neckline at 149.00 is broken with strong confirmation, we will consider a buy position.
Trading Plan:
Bullish Scenario (Preferred):
Entry: Buy when price breaks out and retests 149.00.
Target: 150.00... (open)
Stop Loss: Below 148.60 for risk management.
Wishing you a successful and enjoyable trading session!
Trading Plan:
Bullish Scenario (Preferred):
Entry: Buy when price breaks out and retests 149.00.
Target: 150.00... (open)
Stop Loss: Below 148.60 for risk management.
Wishing you a successful and enjoyable trading session!
Trade active
Trade closed: target reached
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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.
Related publications
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.