This chart shows a bearish setup for the USD/JPY pair on the 30-minute timeframe. The price is moving within a descending triangle pattern, a classic bearish continuation signal.
Here's a breakdown of the setup:
Entry Point: Near the current price level, around 142.5.
Stop Loss: Just above the descending resistance line, slightly above 143.0.
Take Profit: Near the lower support line, around the 141.5–141.6 zone.
The red arrow indicates a bearish move is anticipated from the resistance down toward the support. This setup implies a risk-to-reward ratio that looks favorable if the pattern plays out.
Let me know if you want help analyzing this setup further or creating a trading plan around it.
Here's a breakdown of the setup:
Entry Point: Near the current price level, around 142.5.
Stop Loss: Just above the descending resistance line, slightly above 143.0.
Take Profit: Near the lower support line, around the 141.5–141.6 zone.
The red arrow indicates a bearish move is anticipated from the resistance down toward the support. This setup implies a risk-to-reward ratio that looks favorable if the pattern plays out.
Let me know if you want help analyzing this setup further or creating a trading plan around it.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.
📲 Join telegram channel free ..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.