Trade Setup Rationale
Entry Point: 149.500
Likely triggered by a bullish breakout above a descending trend line (resistance). Entry might be near the breakout level, assuming the price retests the trend line (now support).
Example: If the breakout occurs around 150.00, a pullback to the 150.00-151.00 zone could serve as the entry point.
Take Profit (TP) Targets
TP1: 152.60 (near prior resistance or a measured move).
TP2: 154.80 (extension of the bullish momentum, possibly a multi-month high).
Stop Loss (SL)
148.25 (placed below the trend line/swing low to protect against false breakouts).
Risk-Reward Considerations
Scenario: Entry at 150.00, SL at 148.25 (175 pips risk).
TP1 (152.60): +260 pips (1:1.5 risk-reward).
TP2 (154.80): +480 pips (1:2.7 risk-reward).
Note: Wider stops may suit swing traders, but ensure alignment with your strategy.
Key Factors to Validate
Trend Confirmation: Confirm bullish momentum with indicators (e.g., RSI > 50, MACD crossover).
Fundamentals: Monitor BoJ intervention risks or Fed policy shifts impacting USD/JPY.
Price Action: Watch for a clean breakout with volume.
Entry Point: 149.500
Likely triggered by a bullish breakout above a descending trend line (resistance). Entry might be near the breakout level, assuming the price retests the trend line (now support).
Example: If the breakout occurs around 150.00, a pullback to the 150.00-151.00 zone could serve as the entry point.
Take Profit (TP) Targets
TP1: 152.60 (near prior resistance or a measured move).
TP2: 154.80 (extension of the bullish momentum, possibly a multi-month high).
Stop Loss (SL)
148.25 (placed below the trend line/swing low to protect against false breakouts).
Risk-Reward Considerations
Scenario: Entry at 150.00, SL at 148.25 (175 pips risk).
TP1 (152.60): +260 pips (1:1.5 risk-reward).
TP2 (154.80): +480 pips (1:2.7 risk-reward).
Note: Wider stops may suit swing traders, but ensure alignment with your strategy.
Key Factors to Validate
Trend Confirmation: Confirm bullish momentum with indicators (e.g., RSI > 50, MACD crossover).
Fundamentals: Monitor BoJ intervention risks or Fed policy shifts impacting USD/JPY.
Price Action: Watch for a clean breakout with volume.
im professional forex trader...im providing
signals join me on telegram t.me/james_gold_master1123
signals join me on telegram t.me/james_gold_master1123
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.
im professional forex trader...im providing
signals join me on telegram t.me/james_gold_master1123
signals join me on telegram t.me/james_gold_master1123
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.