Based on the chart I provided for USD/JPY on the 1D timeframe, here is the target analysis:
📉 Downtrend Analysis:
The chart is showing a descending channel, indicating a bearish trend.
Price has been respecting the upper and lower bounds of the channel.
Two target zones are marked with labels “TakeProfit”, suggesting projected bearish targets.
🎯 Identified Targets:
1. First Target Zone (TakeProfit):
📍 Around 152.00
This is the first expected support area where price may bounce or consolidate.
2. Second Target Zone (TakeProfit):
📍 Around 146.50 – 146.00
This level aligns with historical support and volume profile concentration.
📉 Downtrend Analysis:
The chart is showing a descending channel, indicating a bearish trend.
Price has been respecting the upper and lower bounds of the channel.
Two target zones are marked with labels “TakeProfit”, suggesting projected bearish targets.
🎯 Identified Targets:
1. First Target Zone (TakeProfit):
📍 Around 152.00
This is the first expected support area where price may bounce or consolidate.
2. Second Target Zone (TakeProfit):
📍 Around 146.50 – 146.00
This level aligns with historical support and volume profile concentration.
t.me/RSI_Trading_Point4
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Forex, gold and crypto signal's with detailed analysis & get consistent results..
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Gold signal's with proper TP & SL for high profits opportunities..
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.
t.me/RSI_Trading_Point4
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
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.