We are currently observing the USD/JPY pair on the 1-hour chart, and the trend remains strongly bullish. There is no divergence present, which confirms trend continuation. A bullish flag pattern has formed, suggesting a potential breakout to the upside.
The pair has recently completed a healthy retracement and tested the 0.5 Fibonacci level, which further supports our bullish bias. Based on this setup, we are executing an instant buy trade with a well-calculated risk-to-reward strategy.
🔹 Pair: USD/JPY
🔹 Trend: Bullish
🔹 Pattern: Bullish Flag
🔹 Fibonacci Level: 0.5 Tested
🔹 Entry Point: 144.942 (Instant Buy)
🔹 Stop Loss: 144.345
🔹 Take Profit 1: 145.539
🔹 Take Profit 2: 146.136
🔹 Lot Size: 0.24
🔹 Risk/Reward Ratio: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
🎯 Outlook: Expecting bullish continuation.
📌 #USDJPY #ForexSignals #BullishFlag #TechnicalAnalysis #PriceActionTrading #FibonacciRetracement #BreakoutSetup #ForexStrategy #RiskRewardRatio #ForexTradeIdea #1HChart #ForexMarket #FXTrading #SmartMoneyConcepts
The pair has recently completed a healthy retracement and tested the 0.5 Fibonacci level, which further supports our bullish bias. Based on this setup, we are executing an instant buy trade with a well-calculated risk-to-reward strategy.
🔹 Pair: USD/JPY
🔹 Trend: Bullish
🔹 Pattern: Bullish Flag
🔹 Fibonacci Level: 0.5 Tested
🔹 Entry Point: 144.942 (Instant Buy)
🔹 Stop Loss: 144.345
🔹 Take Profit 1: 145.539
🔹 Take Profit 2: 146.136
🔹 Lot Size: 0.24
🔹 Risk/Reward Ratio: 1:1 and 1:2
🔹 Risk: $200
🔹 Potential Reward: $300
🎯 Outlook: Expecting bullish continuation.
📌 #USDJPY #ForexSignals #BullishFlag #TechnicalAnalysis #PriceActionTrading #FibonacciRetracement #BreakoutSetup #ForexStrategy #RiskRewardRatio #ForexTradeIdea #1HChart #ForexMarket #FXTrading #SmartMoneyConcepts
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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.