TradingwithBelieve

What do you think about USDJPY ?

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Trade Signal Timeframe: 1H

#Forex #USDJPY #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH

Hey traders! 👋 Let's dive into a potential trading opportunity on the USDJPY pair using technical analysis. 📊

📉 Previously Bearish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the USDJPY pair. 🐻

🔄 NO Divergence on HH (Higher High):
However, it's crucial to note that recently, we have started to observe a no divergence pattern on the HH (Higher High’s). This is an important signal that the Bullish momentum might be weakening. 📉🔄

📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.

📈 Entry Price: 149.297

🎯 Stop Loss Level: 148.698

🚀TP1: 149.9280
🚀TP2: 150.543

💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.

Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Trade active
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.