Here’s a general analysis approach for the USD/JPY chart provided:
Identify Trend: Look for the overall direction of the market. Determine if USD/JPY is in a bullish (uptrend)
Support and Resistance Levels: Note any key support and resistance levels marked on the chart.
Market Structure: Analyze the higher highs and higher lows (for bull markets) or lower highs and lower lows (for bear markets) to determine if the price is likely to continue in its current direction.
are present, assess them for additional confirmation of trend strength or potential bullish signal
Volume: If volume data is available, consider how it correlates with price movements. Increasing volume can indicate strength in price moves, while low volume could signify weakness.
Future Levels: Identify target prices for potential entries or exits based on the chart's patterns and levels of interest.
Risk Management: Define where you would place stop-loss orders relative to support/resistance levels based on the analysis.
By following these steps, you'll gain insights into the potential future movements of the USD/JPY currency pair could impact price action as well.
Identify Trend: Look for the overall direction of the market. Determine if USD/JPY is in a bullish (uptrend)
Support and Resistance Levels: Note any key support and resistance levels marked on the chart.
Market Structure: Analyze the higher highs and higher lows (for bull markets) or lower highs and lower lows (for bear markets) to determine if the price is likely to continue in its current direction.
are present, assess them for additional confirmation of trend strength or potential bullish signal
Volume: If volume data is available, consider how it correlates with price movements. Increasing volume can indicate strength in price moves, while low volume could signify weakness.
Future Levels: Identify target prices for potential entries or exits based on the chart's patterns and levels of interest.
Risk Management: Define where you would place stop-loss orders relative to support/resistance levels based on the analysis.
By following these steps, you'll gain insights into the potential future movements of the USD/JPY currency pair could impact price action as well.
Trade closed: stop reached
after half of pick up target but unfortunetlly our risk is hit
Harry Trader
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
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.
Harry Trader
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
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.