Trade Plan for USDJPY
Updated
This trade plan is focused on a short (sell) position for the USDJPY pair, targeting a potential decline from current levels. The analysis is based on a technical setup, with clearly defined entry, stop-loss, and target levels to maintain a disciplined approach.
Entry Zone:
We are looking to enter the trade within the 154.5 - 154.7 range. This zone is identified as a potential resistance area where selling pressure is expected to emerge. Traders should wait for price action confirmation, such as rejection candles or a breakdown below the zone, before entering the trade.
Stop-Loss:
The stop-loss is set at 155.0, which is slightly above the resistance zone. This level provides a buffer to account for volatility while minimizing risk exposure. If the price breaks and sustains above 155.0, the trade setup will be invalidated, signaling a potential bullish continuation.
The trade aims to capitalize on a move toward the 153.3 level. This target aligns with a key support zone or anticipated price pivot, where buying interest might re-emerge.
Risk-to-Reward (RR) Ratio:
With an entry near 154.6 (average of the entry range), the risk per trade is approximately 0.4 (from 154.6 to 155.0). The potential reward is around 1.3 (from 154.6 to 153.3). This results in a favorable RR ratio of approximately 1:3, making the trade setup attractive from a risk management perspective.
Place limit sell orders in the entry zone (154.5 - 154.7).
Ensure the stop-loss is set immediately after order execution to avoid unexpected losses.
Consider scaling out of the position partially near intermediate levels (e.g., 154.0) to secure profits while leaving some exposure for the full target.
This trade plan assumes a broader bearish sentiment for USDJPY, supported by technical and/or fundamental analysis. Events such as economic data releases, central bank policy announcements, or unexpected geopolitical developments could impact the price movement. Stay updated on market news to manage the trade effectively.
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.
Entry Zone:
We are looking to enter the trade within the 154.5 - 154.7 range. This zone is identified as a potential resistance area where selling pressure is expected to emerge. Traders should wait for price action confirmation, such as rejection candles or a breakdown below the zone, before entering the trade.
Stop-Loss:
The stop-loss is set at 155.0, which is slightly above the resistance zone. This level provides a buffer to account for volatility while minimizing risk exposure. If the price breaks and sustains above 155.0, the trade setup will be invalidated, signaling a potential bullish continuation.
The trade aims to capitalize on a move toward the 153.3 level. This target aligns with a key support zone or anticipated price pivot, where buying interest might re-emerge.
Risk-to-Reward (RR) Ratio:
With an entry near 154.6 (average of the entry range), the risk per trade is approximately 0.4 (from 154.6 to 155.0). The potential reward is around 1.3 (from 154.6 to 153.3). This results in a favorable RR ratio of approximately 1:3, making the trade setup attractive from a risk management perspective.
Place limit sell orders in the entry zone (154.5 - 154.7).
Ensure the stop-loss is set immediately after order execution to avoid unexpected losses.
Consider scaling out of the position partially near intermediate levels (e.g., 154.0) to secure profits while leaving some exposure for the full target.
This trade plan assumes a broader bearish sentiment for USDJPY, supported by technical and/or fundamental analysis. Events such as economic data releases, central bank policy announcements, or unexpected geopolitical developments could impact the price movement. Stay updated on market news to manage the trade effectively.
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.
Trade active
Trade active and also 50+ pips was booked.Trade closed: target reached
100+pips booked
💰 *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
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.