U.S. Dollar / Japanese YenUpdated USD/JPY Potential Reversal Zone with SMC and ICT Insights
USDJPY USD/JPY Potential Reversal Zone with SMC and ICT InsightsThe chart shows the USD/JPY 4-hour timeframe with various technical indicators and annotations. The price is currently at 157.506, with a slight increase of 0.075 (+0.05%). The chart includes several key elements:
Break of Structure (BOS): Indicated at multiple points, suggesting significant shifts in market structure.
Change of Character (CHoCH): Highlighted at various points, indicating potential reversals or shifts in market sentiment.
Fibonacci Retracement Levels: Key levels at 0.786 (158.452), 0.786 (158.293), 0.618 (158.121), and 0.5 (157.889).
Volume Profile: Shows high volume nodes around 157.927 and 157.599, indicating strong support/resistance zones.
RSI Indicator: Currently around 46.47, suggesting the market is neither overbought nor oversold.
Buy Strategy:
Entry: 157.600 (near the current price and volume profile support)
Take Profit 1 (TP1): 158.000 (+40 pips)
Take Profit 2 (TP2): 158.450 (+85 pips)
Stop Loss (SL): 157.000 (-60 pips)
Sell Strategy:
Entry: 158.100 (near the Fibonacci 0.786 level and resistance)
Take Profit 1 (TP1): 157.600 (+50 pips)
Take Profit 2 (TP2): 157.000 (+110 pips)
Stop Loss (SL): 158.500 (-40 pips)
VIP Signal:
Buy: Entry 157.600, TP1 158.000 (+40 pips), TP2 158.450 (+85 pips), SL 157.000 (-60 pips)
Sell: Entry 158.100, TP1 157.600 (+50 pips), TP2 157.000 (+110 pips), SL 158.500 (-40 pips)
This analysis leverages various strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave, to formulate detailed buy and sell strategies. The identified key levels offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
Trade active
BUY SIDE TP1 HITTrade closed: target reached
BREAKEVEN your trade takes partial profit 
Alex Gold Hunter
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Alex Gold Hunter
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
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