The 2-hour time frame chart of "USD/JPY", analysis forecast.
### *Patterns and Tools Used in the Chart:*
#### *1. Tools Used:*
- *Smart Money Concepts (SMC)*:
- *BOS (Break of Structure)* – Indicates trend continuation or reversal.
- *CHOCH (Change of Character)* – Marks a shift in market sentiment.
- *Trend Lines:*
- *Descending Trendline* – Shows the previous bearish trend.
- *Ascending Trendline* – Indicates a shift to a bullish trend.
- *Support & Resistance:*
- *Breakout and Retest Zone* – Marked as a key level for confirmation.
- *Equal Lows (EQL)* – Potential liquidity area.
- *Structural Levels:*
- *Top and Bottom Markers* – Indicating a pattern formation.
---
#### *2. Patterns Used:*
- *Falling Wedge Pattern (Reversal Signal)*:
- The price initially moved in a bearish trend within a wedge formation.
- Breakout above the trendline signals a shift to bullish momentum.
- *Expanding Triangle (Broadening Formation):*
- Price is forming higher highs and lower lows, leading to a potential breakout.
- *Breakout and Retest Setup:*
- Price broke out of a key zone and is expected to retest before moving higher.
---
#### *3. Expected Price Movement:*
- If price holds at the *bottom zone (support area), it may move upwards to break the previous **top level*.
- A break below the *bottom structure* could invalidate the bullish setup.
Would you like an entry and risk management strategy based on this setup?
### *Patterns and Tools Used in the Chart:*
#### *1. Tools Used:*
- *Smart Money Concepts (SMC)*:
- *BOS (Break of Structure)* – Indicates trend continuation or reversal.
- *CHOCH (Change of Character)* – Marks a shift in market sentiment.
- *Trend Lines:*
- *Descending Trendline* – Shows the previous bearish trend.
- *Ascending Trendline* – Indicates a shift to a bullish trend.
- *Support & Resistance:*
- *Breakout and Retest Zone* – Marked as a key level for confirmation.
- *Equal Lows (EQL)* – Potential liquidity area.
- *Structural Levels:*
- *Top and Bottom Markers* – Indicating a pattern formation.
---
#### *2. Patterns Used:*
- *Falling Wedge Pattern (Reversal Signal)*:
- The price initially moved in a bearish trend within a wedge formation.
- Breakout above the trendline signals a shift to bullish momentum.
- *Expanding Triangle (Broadening Formation):*
- Price is forming higher highs and lower lows, leading to a potential breakout.
- *Breakout and Retest Setup:*
- Price broke out of a key zone and is expected to retest before moving higher.
---
#### *3. Expected Price Movement:*
- If price holds at the *bottom zone (support area), it may move upwards to break the previous **top level*.
- A break below the *bottom structure* could invalidate the bullish setup.
Would you like an entry and risk management strategy based on this setup?
Trade active
Bullish Trade Entry 148.500
Target 149.300
Target 150.000
Stop loss 147.800
Use Proper money management.
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.