This chart suggests a long opportunity for USD/JPY based on a retracement strategy.
Trading Plan
Wait for the price to drop into the Entry Zone (149.942 - 149.746).
Look for confirmation (e.g., bullish candlestick patterns, support hold).
Enter a buy trade between (149.942 - 149.746).
Stop Loss (SL): 149.552 (to limit risk if price breaks below support).
Take Profit (Target): 150.759 (anticipated price rebound).
Risk-to-Reward Analysis
Risk: Around 39 pips (149.942 to 149.552).
Reward: Around 82 pips (150.759 - 149.942).
Risk-to-Reward Ratio: ~1:2, meaning potential profit is twice the risk.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Trading Plan
Wait for the price to drop into the Entry Zone (149.942 - 149.746).
Look for confirmation (e.g., bullish candlestick patterns, support hold).
Enter a buy trade between (149.942 - 149.746).
Stop Loss (SL): 149.552 (to limit risk if price breaks below support).
Take Profit (Target): 150.759 (anticipated price rebound).
Risk-to-Reward Analysis
Risk: Around 39 pips (149.942 to 149.552).
Reward: Around 82 pips (150.759 - 149.942).
Risk-to-Reward Ratio: ~1:2, meaning potential profit is twice the risk.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
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.