USDJPY has recently broken down from a large symmetrical triangle pattern visible on the 4H timeframe. After a prolonged uptrend that formed the triangle structure, price decisively broke below the lower support line, indicating a shift in momentum from bullish to bearish.
📊 Technical Breakdown
1. Symmetrical Triangle Breakdown
Price formed a classic symmetrical triangle pattern over several months.
A strong bearish breakout occurred from the lower trendline, signaling a potential reversal.
The projected measured move target from this breakdown points toward 141.526, representing a 6.5% decline.
2. Retest Zone
Price has pulled back to retest the broken triangle trendline from below.
This bearish retest setup is a textbook confirmation of resistance turning from previous support.
The current consolidation suggests the market is gathering liquidity before a potential next leg down.
3. Market Structure & Momentum
Lower highs and lower lows are now forming post-breakdown, confirming a bearish structure.
A clear rejection from the retest zone around the 151.500–152.000 level would further validate the short thesis.
🧠 Trade Idea
Entry Zone: On confirmation of rejection near the retest (~151.5 area)
Target: 141.526 (Measured move from triangle breakdown)
Stop Loss: Above the triangle high or above the recent swing (~153.00+)
Risk-Reward: High probability play based on pattern + structure shift
⚠️ Key Watch Levels
Resistance: 151.5–152.0 (triangle retest)
Support/Target: 141.5 (measured move)
Break above 153.0 will invalidate this bearish bias.
📊 Technical Breakdown
1. Symmetrical Triangle Breakdown
Price formed a classic symmetrical triangle pattern over several months.
A strong bearish breakout occurred from the lower trendline, signaling a potential reversal.
The projected measured move target from this breakdown points toward 141.526, representing a 6.5% decline.
2. Retest Zone
Price has pulled back to retest the broken triangle trendline from below.
This bearish retest setup is a textbook confirmation of resistance turning from previous support.
The current consolidation suggests the market is gathering liquidity before a potential next leg down.
3. Market Structure & Momentum
Lower highs and lower lows are now forming post-breakdown, confirming a bearish structure.
A clear rejection from the retest zone around the 151.500–152.000 level would further validate the short thesis.
🧠 Trade Idea
Entry Zone: On confirmation of rejection near the retest (~151.5 area)
Target: 141.526 (Measured move from triangle breakdown)
Stop Loss: Above the triangle high or above the recent swing (~153.00+)
Risk-Reward: High probability play based on pattern + structure shift
⚠️ Key Watch Levels
Resistance: 151.5–152.0 (triangle retest)
Support/Target: 141.5 (measured move)
Break above 153.0 will invalidate this bearish bias.
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
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.