U.S. Dollar / Japanese Yen
Short
Updated

USD/JPY...1h chart pattern..

4 347
Here's a quick summary of MY USD/JPY trade setup:


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Trade Idea: SELL USD/JPY @ 144.000

Entry Point: 144.000

Target 1 (TP1): 143.400 → +60 pips

Target 2 (TP2): 142.400 → +160 pips


Suggestions:

Stop Loss (SL): Consider setting a stop loss above recent resistance (e.g., 144.500 or 144.800) to manage risk.

Risk/Reward Ratio:

For TP1: 1:1 with SL @ 144.600

For TP2: ~2.6:1 with SL @ 144.600



Key Technical Zones:

Watch for support near 143.400 (TP1); possible bounce or consolidation.

142.400 is a deeper move — stronger confirmation needed (e.g., a break below 143.400 with volume).


Let me know if you’d like a chart analysis or updates on news that could impact this trade.
Trade active
trade active
Trade closed: target reached
target done

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