USDJPY – Ascending Triangle Breakout | Bullish Momentum Building
USDJPY is showing strong bullish momentum after forming an ascending triangle on the 4H chart.
✅ Previous Head & Shoulders (bearish reversal) completed at the 151.000 zone
✅ Buyers absorbed liquidity near the 146.000 – 147.000 demand zone
✅ Current price action is breaking out of the ascending triangle with bullish continuation potential
✅ If momentum holds, price may target the 150.000 – 151.000 resistance area
Key Zones:
📍 Support: 146.000 – 147.000
📍 Resistance: 150.000 – 151.000
📍 Next Target: 149.500 → 151.000
Wait for breakout confirmation and possible retest before entering. Use proper risk management and stop loss below the ascending trendline
✅ Previous Head & Shoulders (bearish reversal) completed at the 151.000 zone
✅ Buyers absorbed liquidity near the 146.000 – 147.000 demand zone
✅ Current price action is breaking out of the ascending triangle with bullish continuation potential
✅ If momentum holds, price may target the 150.000 – 151.000 resistance area
Key Zones:
📍 Support: 146.000 – 147.000
📍 Resistance: 150.000 – 151.000
📍 Next Target: 149.500 → 151.000
Wait for breakout confirmation and possible retest before entering. Use proper risk management and stop loss below the ascending trendline
Trade active
Trade has been active ; Risk mange has properlyTrade closed manually
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
📬 Join Free Channel:
t.me/profitmagnetpro12
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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.