🧠 Technical Breakdown
🔹 Volume Profile Analysis
High Volume Node (HVN) around 144.50–145.20 indicates strong price acceptance.
Price is currently sitting on the Point of Control (POC) or near a zone with high historical transaction volume.
Low Volume Area (LVA) just above this level suggests price may move upward swiftly if buyers take control.
🔹 Key Levels
Entry: ~144.55 (current price where long position begins)
Stop Loss: Just below 144.166 (low-volume rejection zone / support)
Take Profit: ~145.183 — previous resistance level, where selling pressure appeared earlier
🔹 Structure
The previous bearish correction may be coming to an end as price stabilizes at a key support cluster.
The "open & close" line marks a significant balance point, with buyers stepping in to defend it.
Formation of potential higher low, suggesting early signs of a bullish reversal.
🛠 Trade Setup
Bias: Bullish
Entry: Current price zone ~144.55
Stop Loss: Below 144.166 support
Target: 145.183 (resistance)
Risk:Reward: Favorable (approx. 1:2)
✅ Confluences for Long Entry
Strong support zone at 144.166
High-volume accumulation zone (Volume Profile POC)
Price holding above prior open/close levels
Bullish rejection wicks forming at the bottom
⚠️ Watch For
A break and close below 144.166 would invalidate this setup.
Volatility from upcoming USD/JPY macroeconomic events — check the calendar.
🧭 Game Plan
If price continues to hold above 144.366–144.50 zone and shows bullish momentum (like bullish engulfing or strong reaction candles), this setup offers a high-probability long with clean invalidation and solid upside.
🔹 Volume Profile Analysis
High Volume Node (HVN) around 144.50–145.20 indicates strong price acceptance.
Price is currently sitting on the Point of Control (POC) or near a zone with high historical transaction volume.
Low Volume Area (LVA) just above this level suggests price may move upward swiftly if buyers take control.
🔹 Key Levels
Entry: ~144.55 (current price where long position begins)
Stop Loss: Just below 144.166 (low-volume rejection zone / support)
Take Profit: ~145.183 — previous resistance level, where selling pressure appeared earlier
🔹 Structure
The previous bearish correction may be coming to an end as price stabilizes at a key support cluster.
The "open & close" line marks a significant balance point, with buyers stepping in to defend it.
Formation of potential higher low, suggesting early signs of a bullish reversal.
🛠 Trade Setup
Bias: Bullish
Entry: Current price zone ~144.55
Stop Loss: Below 144.166 support
Target: 145.183 (resistance)
Risk:Reward: Favorable (approx. 1:2)
✅ Confluences for Long Entry
Strong support zone at 144.166
High-volume accumulation zone (Volume Profile POC)
Price holding above prior open/close levels
Bullish rejection wicks forming at the bottom
⚠️ Watch For
A break and close below 144.166 would invalidate this setup.
Volatility from upcoming USD/JPY macroeconomic events — check the calendar.
🧭 Game Plan
If price continues to hold above 144.366–144.50 zone and shows bullish momentum (like bullish engulfing or strong reaction candles), this setup offers a high-probability long with clean invalidation and solid upside.
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.
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.