USDJPY on major support zpne plan for long opportunity.
The chart represents a technical analysis setup for the USD/JPY currency pair on a 30-minute timeframe. The analysis highlights key trading zones and potential price movement predictions.
Analysis Overview:
Major Support Zone: A strong support area is marked, indicating a potential reversal point where buyers may step in.
Entry Zone: This zone, highlighted, suggests an optimal area for entering long positions, just above the support level.
Stop-Loss (SL): Placed at 150.718, below the entry zone, to limit downside risk in case the market moves against the trade.
TP1: 151.750 – the first price target where traders might consider partial profit-taking.
TP2: 152.172 – the second target indicating further upside potential.
Final Target: 152.693, where the trade is expected to reach its maximum projected gain.
Predicted Price Movement:
The chart suggests that if price action respects the support zone and reverses upward, it could create a series of higher highs and higher lows, ultimately reaching the projected price targets.
This setup follows a structured risk-reward approach, emphasizing strategic entry, stop-loss placement, and profit-taking zones. If the market aligns with this plan, traders could capitalize on a strong upward move.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Analysis Overview:
Major Support Zone: A strong support area is marked, indicating a potential reversal point where buyers may step in.
Entry Zone: This zone, highlighted, suggests an optimal area for entering long positions, just above the support level.
Stop-Loss (SL): Placed at 150.718, below the entry zone, to limit downside risk in case the market moves against the trade.
TP1: 151.750 – the first price target where traders might consider partial profit-taking.
TP2: 152.172 – the second target indicating further upside potential.
Final Target: 152.693, where the trade is expected to reach its maximum projected gain.
Predicted Price Movement:
The chart suggests that if price action respects the support zone and reverses upward, it could create a series of higher highs and higher lows, ultimately reaching the projected price targets.
This setup follows a structured risk-reward approach, emphasizing strategic entry, stop-loss placement, and profit-taking zones. If the market aligns with this plan, traders could capitalize on a strong upward move.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Order cancelled
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.