USD/JPY (1-hour timeframe)
Chart Setup
Trend: The price has been moving in a downward channel (highlighted in red).
Current Position: Price has recently bounced up from the lower boundary of the channel and is approaching the resistance zone (purple box).
Resistance Zone: ~147.247 – 147.645
Planned Entry Point: 147.264
Stop Loss: 147.662 (above resistance)
Target Point: 145.482
Trading Idea
This is a short (sell) setup.
The idea is to wait for price to reach resistance (around 147.247–147.500) and then enter a short position.
Expectation: Price will get rejected from resistance and move back down toward the target (145.482).
Risk/Reward
Risk: ~40 pips (147.264 → 147.662)
Reward: ~178 pips (147.264 → 145.482)
Risk-to-Reward Ratio (RRR): ~1:4.4 → very favorable setup.
Key Notes
✅ Strong risk-to-reward setup.
✅ Trade follows the dominant downtrend (channel).
⚠️ If price breaks and closes above 147.662, setup is invalid (trend may shift bullish).
⚠️ Best to wait for bearish candlestick confirmation in resistance zone before entry.
🔎 In short: This chart suggests a sell trade setup at resistance with a clear stop loss and a large potential downside profit target.
Chart Setup
Trend: The price has been moving in a downward channel (highlighted in red).
Current Position: Price has recently bounced up from the lower boundary of the channel and is approaching the resistance zone (purple box).
Resistance Zone: ~147.247 – 147.645
Planned Entry Point: 147.264
Stop Loss: 147.662 (above resistance)
Target Point: 145.482
Trading Idea
This is a short (sell) setup.
The idea is to wait for price to reach resistance (around 147.247–147.500) and then enter a short position.
Expectation: Price will get rejected from resistance and move back down toward the target (145.482).
Risk/Reward
Risk: ~40 pips (147.264 → 147.662)
Reward: ~178 pips (147.264 → 145.482)
Risk-to-Reward Ratio (RRR): ~1:4.4 → very favorable setup.
Key Notes
✅ Strong risk-to-reward setup.
✅ Trade follows the dominant downtrend (channel).
⚠️ If price breaks and closes above 147.662, setup is invalid (trend may shift bullish).
⚠️ Best to wait for bearish candlestick confirmation in resistance zone before entry.
🔎 In short: This chart suggests a sell trade setup at resistance with a clear stop loss and a large potential downside profit target.
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join my telegram channel t.me/smartforexacademy45 t.me/smartforexacademy45
JOIN MY REFREL BROKER LINK one.exnessonelink.com/a/gissbq1h9c?source=app
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.