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USDJPY (H4) There are signs of weakening momentum

Short
U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)  
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FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyshort Forex forexsignals forextrading vnsmartmoney tradingsignals tradingforex
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trendanalysis chartpattern indicator usdjpy usdjpyshort forex forexsignals forextrading vnsmartmoney tradingsignals tradingforex
USDJPY

Observing USDJPY (H4), discernible indicators suggest a waning momentum within a descending price channel. This presents an opportune entry point with anticipated gains outweighing potential risks.


Selling at current price: 147.775
Stop loss at: 148.901
Take profit at: 145.600

Note: Risk management 2%
Comment:
With a profit level approximately equal to the stop loss, you can raise the stop loss to positive to preserve profits.
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Comment:
The market may experience a pullback phase prior to a further decline. Consider securing profits when aiming to preserve both time and psychological well-being.
snapshot
Comment:
If you have not closed this order, you can move your stop loss to 147.148
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Trade closed: target reached:
The market consistently exhibits unpredictable fluctuations, and it is imperative to acknowledge and effectively manage these risks.
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