USD/JPY..4h Chart pattern..### **USD/JPY Technical Analysis: Bearish Setup**
#### **Key Observations:**
1. **Break of Structure:**
- **H4 Chart:** Price broke below the **lower trendline of the ascending channel**, signaling a potential trend reversal.
- **Alligator Indicator (Williams):**
- **Lips crossed below Jaw** → Confirms bearish momentum.
- **Chaikin Oscillator:**
- **Fell below 0** → Indicates selling pressure and outflow.
2. **Daily Chart – Bearish Flag Pattern:**
- A **bearish flag** (consolidation after a sharp decline) suggests continuation downward.
- Confirms the **H4 breakdown**, increasing bearish probability.
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### **Trade Plan: Sell USD/JPY**
#### **Entry Zone:**
- **Sell on consolidation below 143.300** (confirms bearish control).
#### **Targets:**
1. **TP1: 142.000** (initial support level).
2. **TP2: 140.000** (next psychological & structural support).
#### **Stop-Loss (SL):**
- **Above 144.000** (above recent swing high for risk management).
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### **Key Indicators to Monitor:**
✅ **MACD:** Bearish crossover & histogram below zero.
✅ **RSI (14):** Below 50 (confirms bearish momentum).
✅ **Price Action:** Rejection at 143.300 strengthens the sell signal.
### **Risk-Reward Ratio (RRR):**
- **Entry: 143.30**
- **SL: 144.00 (70 pips risk)**
- **TP1: 142.00 (130 pips reward) → ~1:1.85**
- **TP2: 140.00 (330 pips reward) → ~1:4.7**
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### **Final Verdict:**
- **Strong bearish confirmation** on both H4 & D1.
- **Sell below 143.30**, targeting **142.00 → 140.00**.
- **Invalidation:** A break above **144.00** negates the bearish structure.
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