I'm planning a **sell trade** on **USD/JPY** at **145.150**, with a **resistance level** at **145.000**. Here's a breakdown of your trade setup:
### **Trade Summary:**
- **Pair:** USD/JPY
- **Direction:** SELL
- **Entry Price:** 145.150
- **Resistance Level:** 145.000 (likely your stop-loss zone if price moves against you)
### **Profit Targets:**
1. **First Target (TP1):** 144.500 (**-65 pips**)
2. **Second Target (TP2):** 143.500 (**-165 pips**)
3. **Third Target (TP3):** 143.000 (**-215 pips**)
### **Key Considerations:**
- **Risk Management:**
- If resistance holds at **145.000**, a stop-loss slightly above (e.g., **145.200-145.300**) could limit losses.
- A **1:2 or 1:3 risk-reward ratio** would be ideal (e.g., risking 50 pips to gain 100-150 pips).
- **Market Conditions:**
- Check if USD/JPY is overbought (e.g., RSI >70 on H4/D1 charts).
- Watch for bearish reversal patterns (e.g., double top, bearish engulfing).
- Monitor **BoJ interventions** (they sometimes weaken JPY above 145).
- **Adjustments:**
- If price breaks **above 145.200**, the trade may be invalidated.
- Consider partial profits at TP1 and trailing stops for TP2/TP3.
Would you like help refining the stop-loss or analyzing current USD/JPY trends?
### **Trade Summary:**
- **Pair:** USD/JPY
- **Direction:** SELL
- **Entry Price:** 145.150
- **Resistance Level:** 145.000 (likely your stop-loss zone if price moves against you)
### **Profit Targets:**
1. **First Target (TP1):** 144.500 (**-65 pips**)
2. **Second Target (TP2):** 143.500 (**-165 pips**)
3. **Third Target (TP3):** 143.000 (**-215 pips**)
### **Key Considerations:**
- **Risk Management:**
- If resistance holds at **145.000**, a stop-loss slightly above (e.g., **145.200-145.300**) could limit losses.
- A **1:2 or 1:3 risk-reward ratio** would be ideal (e.g., risking 50 pips to gain 100-150 pips).
- **Market Conditions:**
- Check if USD/JPY is overbought (e.g., RSI >70 on H4/D1 charts).
- Watch for bearish reversal patterns (e.g., double top, bearish engulfing).
- Monitor **BoJ interventions** (they sometimes weaken JPY above 145).
- **Adjustments:**
- If price breaks **above 145.200**, the trade may be invalidated.
- Consider partial profits at TP1 and trailing stops for TP2/TP3.
Would you like help refining the stop-loss or analyzing current USD/JPY trends?
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📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.