USDJPY is currently sitting in a key support zone, signaling a potential bullish momentum build-up. This bias is supported by the formation of a strong bullish candle at the level, suggesting buyers are stepping in.
Importantly, price has respected structure—no lower low (LL) was formed. Instead, we’ve got a clean higher low (HL), which aligns perfectly with a bullish continuation scenario.
Take-profits (TPs) and stop-loss (SL) levels are chosen with precision, keeping recent market structure and volatility in mind. As always, proper risk management is crucial for capital protection.
Regards
Sherry
Importantly, price has respected structure—no lower low (LL) was formed. Instead, we’ve got a clean higher low (HL), which aligns perfectly with a bullish continuation scenario.
Take-profits (TPs) and stop-loss (SL) levels are chosen with precision, keeping recent market structure and volatility in mind. As always, proper risk management is crucial for capital protection.
Regards
Sherry
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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.