USDJPY- Buliish trade setup on 15 Minutes Timeframe
Entry: The entry is at 140.870, which occurs upon a retest of the breakout from the handle.
Take Profit: The take profit is set at 142.00, aligning with the measured move projection from the cup formation.
Stop Loss: The stop loss is set at 140.540, positioned just below the handle’s low to protect against false breakouts.
Additional Insights:
Risk-Reward Ratio: With the entry at 140.870, the take profit at 142.00, and stop loss at 140.540, this setup provides a favorable risk-to-reward ratio. The risk is approximately 33 pips, and the reward is around 113 pips.
Confirmation: The chart shows the handle forming, with a possible retest of the breakout line. Watch for confirmation with increased buying volume or a bullish candlestick pattern before entering.
Tips:
Volume: Increased volume during the breakout would strengthen the setup.
Trailing Stop: Consider using a trailing stop to lock in profits if the price moves favorably toward your target.
This is a classic example of a Cup and Handle pattern in action, and it looks well-positioned for a bullish continuation.
Take Profit: The take profit is set at 142.00, aligning with the measured move projection from the cup formation.
Stop Loss: The stop loss is set at 140.540, positioned just below the handle’s low to protect against false breakouts.
Additional Insights:
Risk-Reward Ratio: With the entry at 140.870, the take profit at 142.00, and stop loss at 140.540, this setup provides a favorable risk-to-reward ratio. The risk is approximately 33 pips, and the reward is around 113 pips.
Confirmation: The chart shows the handle forming, with a possible retest of the breakout line. Watch for confirmation with increased buying volume or a bullish candlestick pattern before entering.
Tips:
Volume: Increased volume during the breakout would strengthen the setup.
Trailing Stop: Consider using a trailing stop to lock in profits if the price moves favorably toward your target.
This is a classic example of a Cup and Handle pattern in action, and it looks well-positioned for a bullish continuation.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.