🗾 USDJPY BUY Setup – Reversal from Demand Zone (H1 Analysis)
📅 22 July 2025
USDJPY has shown strong bearish momentum recently, but price has now tapped into a clear demand zone (marked in green), which previously acted as a launchpad for bullish moves.
🟦 Entry: Buy @ 146.37
🔵 SL: Below 146.00 (just beneath demand zone)
🟩 TP: 149.10 – targeting the recent H1 structure high
🔍 Why I took this trade:
• Clean reaction from a historical demand zone
• Strong rejection wick forming on the hourly
• RSI divergence and volume exhaustion confirmed the buy
• Risk-to-reward ratio > 3:1
⏳ Waiting for confirmation on lower timeframes (M15/M5) before scaling in further.
📊 Let’s see how this plays out – following price action closely!
📅 22 July 2025
USDJPY has shown strong bearish momentum recently, but price has now tapped into a clear demand zone (marked in green), which previously acted as a launchpad for bullish moves.
🟦 Entry: Buy @ 146.37
🔵 SL: Below 146.00 (just beneath demand zone)
🟩 TP: 149.10 – targeting the recent H1 structure high
🔍 Why I took this trade:
• Clean reaction from a historical demand zone
• Strong rejection wick forming on the hourly
• RSI divergence and volume exhaustion confirmed the buy
• Risk-to-reward ratio > 3:1
⏳ Waiting for confirmation on lower timeframes (M15/M5) before scaling in further.
📊 Let’s see how this plays out – following price action closely!
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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.
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.