USD/JPY Trade Setup - Trendline play
I am currently looking to take a long position on USDJPY due to a 4 hour candle close above the trendline
Key Levels:
Entry Zone: 149.69 (aligned with 4-hour resistance and previous structure support).
Target: 150.72 (4-hour resistance).
Stop Loss: 149.22 (below daily support).
Reasoning:
Price has been consolidating after a strong bearish trend and has now closed above the downtrend line (red diagonal).
The entry zone coincides with strong confluence levels of resistance turned support.
Stop loss has been placed under the ascending trendline
Key Levels:
Entry Zone: 149.69 (aligned with 4-hour resistance and previous structure support).
Target: 150.72 (4-hour resistance).
Stop Loss: 149.22 (below daily support).
Reasoning:
Price has been consolidating after a strong bearish trend and has now closed above the downtrend line (red diagonal).
The entry zone coincides with strong confluence levels of resistance turned support.
Stop loss has been placed under the ascending trendline
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.