USD/JPY Long Scalp Setup – Potential Reversal from Support Zone
Entry: 143.30 (Looking to buy from the support zone)
Entry 2: 143.200
Stop Loss (SL): Below 142.54 to protect against downside risk if the support breaks.
Take Profit (TP):
TP1: 143.990 (First resistance zone)
TP2: 144.850 (Next major resistance level)
Analysis:
Support Zone: The price is currently hovering near a key support level around 143.30, showing signs of potential bullish reversal.
Upside Momentum: A bounce from this zone could push the price toward the first resistance at 144.85 and potentially further to 145.05.
Risk Management: SL placed below 142.54 ensures protection in case of a bearish breakout.
Entry 2: 143.200
Stop Loss (SL): Below 142.54 to protect against downside risk if the support breaks.
Take Profit (TP):
TP1: 143.990 (First resistance zone)
TP2: 144.850 (Next major resistance level)
Analysis:
Support Zone: The price is currently hovering near a key support level around 143.30, showing signs of potential bullish reversal.
Upside Momentum: A bounce from this zone could push the price toward the first resistance at 144.85 and potentially further to 145.05.
Risk Management: SL placed below 142.54 ensures protection in case of a bearish breakout.
Trade active
FIRST ENTRY ACTIVE NOWTrade active
SECOND AND FINAL ENTRY ACTIVE NOWTrade closed: stop reached
THIS WAS JUST BAD LUCK, IT WENT UP RIGHT AFTER HITTING OUR SL.
Losses are part of the game.
We are traders, not robbers.
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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.