The USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55.
Target Levels:
1st Support – 156.00
2nd Support – 155.20
Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Possible Short Trade:
Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55.
Target Levels:
1st Support – 156.00
2nd Support – 155.20
Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Trade active
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Disclaimer
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👉👉 Join My Free Telegram Channel :
✳️ Forex Technical Charts : telegram.me/kabhifx
📞📞Telegram me @t.me/kabhidhan
✳️ Forex Technical Charts : telegram.me/kabhifx
📞📞Telegram me @t.me/kabhidhan
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.