USDJPY Idea for short....This chart is a trade setup for the USD/JPY currency pair on a 1-hour timeframe. Here's a breakdown of the key elements in the chart:
Pair: USD/JPY
Timeframe: 1 Hour
🔸 Entry Zone (Sell Area):
Marked in light orange
Price range approximately from 143.000 to 142.710
This is the suggested zone to enter a short (sell) trade.
🔴 Stop Loss (SL):
Level: 143.660
If the price hits this level, the trade should be exited to limit loss.
✅ Targets:
Target 1: 141.828
Target 2: 141.105
Final Target: 140.196
These are take-profit levels where you can partially or fully close the trade to secure profits.
📈 Trade Idea:
The strategy shown in the chart is a short setup, expecting the price to reverse downward after entering the sell zone. The trader anticipates a decline toward the targets, with a clear risk-to-reward plan.
