Here I'm providing a USDJPY pairs buy setup according to H-4Time frame
#Target 1. Around 145.200
#Target 2. Around 149.300
Stop Loss: Around 140.300
Chart structure :
To execute this buy setup, a trader would typically wait for the price to bounce off the support line and then enter a long position. ( should be place buy from present at the movement around at 143.800, "expected").
The stop-loss order would be placed below the support line to minimiz losses if the trade does not go as expected. The targets provide potential profit levels with "TARGET 1" being a more conservative and "TARGET 2" being a more aggresive target.
#Target 1. Around 145.200
#Target 2. Around 149.300
Stop Loss: Around 140.300
Chart structure :
To execute this buy setup, a trader would typically wait for the price to bounce off the support line and then enter a long position. ( should be place buy from present at the movement around at 143.800, "expected").
The stop-loss order would be placed below the support line to minimiz losses if the trade does not go as expected. The targets provide potential profit levels with "TARGET 1" being a more conservative and "TARGET 2" being a more aggresive target.
Trade active
Hold on buy about 140 pips running 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.
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.