The chart represents a USD/JPY (U.S. Dollar / Japanese Yen) 30-minute timeframe trade setup. Below is the analysis:
Technical Analysis:
Key EMAs:
200 EMA (Blue Line): 150.367 – Serves as dynamic support.
30 EMA (Red Line): 150.753 – Currently acting as resistance.
Support & Resistance Zones:
Entry Zone: 150.356 - 150.367 (Highlighted in purple).
Stop Loss: 150.022 (Below the key support).
Target Point: 151.269 (Near previous highs).
Market Structure & Price Action:
The price is pulling back into the highlighted demand zone.
A possible bullish reaction is expected at this level, leading to an upside push toward 151.269.
If the support holds, the price may bounce and confirm an uptrend continuation.
Trade Plan:
Entry: Around 150.367 after confirmation of price rejection.
Stop Loss: Below 150.022 (to protect against downside risk).
Take Profit: 151.269 (Aligns with previous high and resistance).
Conclusion:
The setup favors a buy trade if price action confirms a bounce from the demand zone.
A break below the stop-loss level may invalidate the setup, signaling a potential bearish continuation.
Technical Analysis:
Key EMAs:
200 EMA (Blue Line): 150.367 – Serves as dynamic support.
30 EMA (Red Line): 150.753 – Currently acting as resistance.
Support & Resistance Zones:
Entry Zone: 150.356 - 150.367 (Highlighted in purple).
Stop Loss: 150.022 (Below the key support).
Target Point: 151.269 (Near previous highs).
Market Structure & Price Action:
The price is pulling back into the highlighted demand zone.
A possible bullish reaction is expected at this level, leading to an upside push toward 151.269.
If the support holds, the price may bounce and confirm an uptrend continuation.
Trade Plan:
Entry: Around 150.367 after confirmation of price rejection.
Stop Loss: Below 150.022 (to protect against downside risk).
Take Profit: 151.269 (Aligns with previous high and resistance).
Conclusion:
The setup favors a buy trade if price action confirms a bounce from the demand zone.
A break below the stop-loss level may invalidate the setup, signaling a potential bearish continuation.
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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.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.