USDJPY Observing USDJPY (H4), discernible indicators suggest a waning momentum within a descending price channel. This presents an opportune entry point with anticipated gains outweighing potential risks.
Selling at current price: 147.775
Stop loss at: 148.901
Take profit at: 145.600
Note: Risk management 2%
Note
With a profit level approximately equal to the stop loss, you can raise the stop loss to positive to preserve profits.Note
The market may experience a pullback phase prior to a further decline. Consider securing profits when aiming to preserve both time and psychological well-being.Note
If you have not closed this order, you can move your stop loss to 147.148Trade closed: target reached
The market consistently exhibits unpredictable fluctuations, and it is imperative to acknowledge and effectively manage these risks.
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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.