Pair: USD/JPY
Timeframe: 15 minutes
Indicators Used:
EMA (30-period) – Red line
EMA (200-period) – Blue line
Chart Features:
Downward channel (declining trendline)
Identified entry point, stop loss, and target
Key support/resistance zones shaded in purple
🟢 Trade Idea Summary:
🔹Entry Point: 143.126
🔹Stop Loss: 142.702
🔹Target (Take Profit): 148.249
🔹Risk/Reward Ratio: ~1:5 (Excellent R/R)
🔍 Technical Analysis:
✅ Bullish Breakout Signal
Price has broken above the descending channel and has retested the breakout area (highlighted purple zone) – a classic bullish breakout structure.
The breakout retest near 143.126 is acting as support, with potential to launch a new bullish move.
📈 Moving Average Analysis
EMA 30 is starting to flatten and curve up – indicating potential shift in momentum.
EMA 200 is still above price, but a breakout above it could strengthen the bullish case.
🔁 Support and Resistance
Strong support zone around 143.000 – 143.200 area (highlighted zone).
Major resistance and target zone is between 148.000 – 148.250.
🔔 Trade Plan Suggestion:
Go Long at or near 143.126
Place Stop Loss below support at 142.702
Target 148.249 for profit
Reasoning:
This setup offers a trend reversal potential from a downtrend to uptrend, with a clean breakout-retest-confirmation pattern. The wide take profit range gives room for extended upside as momentum builds.
⚠️ Watch For:
Reaction to the 144.325 (EMA 200) level
Increased buying volume to confirm breakout
Any re-entry into the channel (would invalidate setup)
Timeframe: 15 minutes
Indicators Used:
EMA (30-period) – Red line
EMA (200-period) – Blue line
Chart Features:
Downward channel (declining trendline)
Identified entry point, stop loss, and target
Key support/resistance zones shaded in purple
🟢 Trade Idea Summary:
🔹Entry Point: 143.126
🔹Stop Loss: 142.702
🔹Target (Take Profit): 148.249
🔹Risk/Reward Ratio: ~1:5 (Excellent R/R)
🔍 Technical Analysis:
✅ Bullish Breakout Signal
Price has broken above the descending channel and has retested the breakout area (highlighted purple zone) – a classic bullish breakout structure.
The breakout retest near 143.126 is acting as support, with potential to launch a new bullish move.
📈 Moving Average Analysis
EMA 30 is starting to flatten and curve up – indicating potential shift in momentum.
EMA 200 is still above price, but a breakout above it could strengthen the bullish case.
🔁 Support and Resistance
Strong support zone around 143.000 – 143.200 area (highlighted zone).
Major resistance and target zone is between 148.000 – 148.250.
🔔 Trade Plan Suggestion:
Go Long at or near 143.126
Place Stop Loss below support at 142.702
Target 148.249 for profit
Reasoning:
This setup offers a trend reversal potential from a downtrend to uptrend, with a clean breakout-retest-confirmation pattern. The wide take profit range gives room for extended upside as momentum builds.
⚠️ Watch For:
Reaction to the 144.325 (EMA 200) level
Increased buying volume to confirm breakout
Any re-entry into the channel (would invalidate setup)
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.