🚀 USDJPY UPDATE: Bearish Setup
Summary:
Analysing price action from yesterday, breakout from the Daily timeframe accumulation zone has materialized with strong conviction.
TRADE SETUP Metrics:
- Entry: [BOS] ✅
- Stop loss - Above Resistance Zone
- Target 1: (R:R 1:2)🎯
- Target 2: (R:R 1:3)🎯
- Target 3: (R:R 1:4)🎯
Technical Anticipations:
- Price action to show a Bearish follow-through
- Resistance zone to hold
Position Management:
- partial profits secured at Target 1
- Stop loss adjusted to breakeven upon reaching Targets
- Full Exit at Target 3
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Tidypips: "Keep It Clean, Trade Mean!"
Summary:
Analysing price action from yesterday, breakout from the Daily timeframe accumulation zone has materialized with strong conviction.
TRADE SETUP Metrics:
- Entry: [BOS] ✅
- Stop loss - Above Resistance Zone
- Target 1: (R:R 1:2)🎯
- Target 2: (R:R 1:3)🎯
- Target 3: (R:R 1:4)🎯
Technical Anticipations:
- Price action to show a Bearish follow-through
- Resistance zone to hold
Position Management:
- partial profits secured at Target 1
- Stop loss adjusted to breakeven upon reaching Targets
- Full Exit at Target 3
LIKE or COMMENT if this idea sparks your interest, or share your thoughts below!
FOLLOW to keep up with fresh ideas.
Tidypips: "Keep It Clean, Trade Mean!"
Trade active
USDJPY setup is on point: price slammed BOS zone as called. Now, we’ve got a BEARISH candle driving pressure at SELL RANGE. If USDJPY stays under RESISTANCE ZONE, the basis of our bearish argument is still intact.Trade closed: target reached
USDJPY setup has played out. GOOD HIT on TARGETS
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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.