USD/JPY 4H – Short Setup at Upper Trend Channel Projection.
USD/JPY 4H – Short Setup at Upper Trend Channel Projection
USD/JPY is currently trading within a well-defined descending channel. Price is approaching the upper trend channel projection, a key area derived from parallel structure analysis. While this level has not been tested multiple times, it aligns with the broader bearish trend, making it a potential rejection zone.
If price fails to close above this projection on the 4H timeframe, a short position will be executed with a stop-loss above the recent highs. The initial target is the previous lows at 146.60, while the extended target is the lower trend channel trendline.
Watching for confirmation before entry.
USD/JPY is currently trading within a well-defined descending channel. Price is approaching the upper trend channel projection, a key area derived from parallel structure analysis. While this level has not been tested multiple times, it aligns with the broader bearish trend, making it a potential rejection zone.
If price fails to close above this projection on the 4H timeframe, a short position will be executed with a stop-loss above the recent highs. The initial target is the previous lows at 146.60, while the extended target is the lower trend channel trendline.
Watching for confirmation before entry.
Dagangan aktif
SL to break even.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.