Hey, traders, it’s Skeptic! 😎 
USDJPY is gearing up for a sharp uptrend move, and if you sleep on it, you might miss it, jump in late, and get stopped out. So, let’s set our scenarios and triggers now to make quick, sharp decisions instead of lagging.
Daily Timeframe: The Big Picture
We were in a major bearish trend but now seem stuck in a triangle. The heavy bearish momentum and support zone at 142.232–142.604—our key level—has held strong with reactions every time we hit it. But, the bearish moves are getting weaker, with shallower slopes and smaller, choppier candles, signaling fading momentum and a higher chance of a reversal. Still, we need a trigger to go long—without it, jumping in is risky. As a skeptical trader, I need solid reasoning for every move. That’s our vibe! :)))
Now, let’s hit the 4-Hour Timeframe for our triggers.
We’ve got a descending trendline, and breaking it upward could spark an uptrend. But here’s the deal: this isn’t a continuation pattern—a break means a trend reversal, so we need extra confirmation beyond just the break.
Final word: No FOMO. Wait for your triggers and confirmations. Our motto? No FOMO. No hype. Just reason :)
💬 Let’s Talk!
If this analysis helped you, smash that boost—it means a lot! 😊 Got a pair or setup you want me to hit next? Drop it in the comments. Thanks for chilling with me—keep trading smart! ✌️
USDJPY is gearing up for a sharp uptrend move, and if you sleep on it, you might miss it, jump in late, and get stopped out. So, let’s set our scenarios and triggers now to make quick, sharp decisions instead of lagging.Daily Timeframe: The Big Picture
We were in a major bearish trend but now seem stuck in a triangle. The heavy bearish momentum and support zone at 142.232–142.604—our key level—has held strong with reactions every time we hit it. But, the bearish moves are getting weaker, with shallower slopes and smaller, choppier candles, signaling fading momentum and a higher chance of a reversal. Still, we need a trigger to go long—without it, jumping in is risky. As a skeptical trader, I need solid reasoning for every move. That’s our vibe! :)))
Now, let’s hit the 4-Hour Timeframe for our triggers.
We’ve got a descending trendline, and breaking it upward could spark an uptrend. But here’s the deal: this isn’t a continuation pattern—a break means a trend reversal, so we need extra confirmation beyond just the break.
- Our main long trigger is a break above resistance at 145.071.
- Stop loss? Place it below the trendline, previous support, or last low—depends on your strategy.I’m a breakout trader myself
(check my article for deets!). - For confirmation, watch RSI hitting overbought—it backs the uptrend momentum and can push you to your R/R faster. 😊 I’ll drop an RSI tutorial soon, so stay tuned! If we lose the support zone (142.232–142.604), expect the bearish trend to continue, so focus on shorts then.
Final word: No FOMO. Wait for your triggers and confirmations. Our motto? No FOMO. No hype. Just reason :)
💬 Let’s Talk!
If this analysis helped you, smash that boost—it means a lot! 😊 Got a pair or setup you want me to hit next? Drop it in the comments. Thanks for chilling with me—keep trading smart! ✌️
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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.
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.