Here is an analysis for the USD/JPY (4H time frame):
Technical Analysis Highlights:
1. Descending Trendline Breakout:
A downward sloping trendline (in blue) has been broken to the upside, which is typically a bullish breakout signal.
2. Ichimoku Cloud:
The price has broken above the Ichimoku Cloud, indicating bullish momentum.
The cloud is acting as support now.
3. Target Levels:
First Target (TP1): Around 146.700 (marked by the first red line).
Second Target (TP2): Around 148.400 (upper red line).
Strategy Suggestion:
If you're planning a long trade, a potential entry zone would be the breakout retest area near 145.900–146.100.
Stop-loss could be set just below the Ichimoku cloud, around 144.300–144.500.
Risk-Reward:
TP1 offers a short-term target (~100 pips).
TP2 is a medium-term target (~250 pips from the breakout).
Let me know if you want a breakdown of entry/exit points or a trade plan.
Technical Analysis Highlights:
1. Descending Trendline Breakout:
A downward sloping trendline (in blue) has been broken to the upside, which is typically a bullish breakout signal.
2. Ichimoku Cloud:
The price has broken above the Ichimoku Cloud, indicating bullish momentum.
The cloud is acting as support now.
3. Target Levels:
First Target (TP1): Around 146.700 (marked by the first red line).
Second Target (TP2): Around 148.400 (upper red line).
Strategy Suggestion:
If you're planning a long trade, a potential entry zone would be the breakout retest area near 145.900–146.100.
Stop-loss could be set just below the Ichimoku cloud, around 144.300–144.500.
Risk-Reward:
TP1 offers a short-term target (~100 pips).
TP2 is a medium-term target (~250 pips from the breakout).
Let me know if you want a breakdown of entry/exit points or a trade plan.
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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.
📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
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/+yJ2-qfkocRg1NDlk
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.