USD/JPY Short Setup - Trendline play
I am currently looking for a short position on USD/JPY
Entry Point: 150.304 Near the red downtrend line, ensuring alignment with price rejection and resistance.
Trade Management:
Stop Loss (SL): Placed above the most recent high for protection.
First Take-Profit (TP1): At the first 4-hour resistance; SL will be moved to breakeven (BE) at this level to secure risk-free profits.
Partial Profits: Will be taken at subsequent 4-hour resistance levels to lock in gains.
Current bias: Bearish, respecting the downtrend line and maintaining lower highs.
Moving averages and key resistance zones provide confluence for this setup.
Entry Point: 150.304 Near the red downtrend line, ensuring alignment with price rejection and resistance.
Trade Management:
Stop Loss (SL): Placed above the most recent high for protection.
First Take-Profit (TP1): At the first 4-hour resistance; SL will be moved to breakeven (BE) at this level to secure risk-free profits.
Partial Profits: Will be taken at subsequent 4-hour resistance levels to lock in gains.
Current bias: Bearish, respecting the downtrend line and maintaining lower highs.
Moving averages and key resistance zones provide confluence for this setup.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.