Pair: USDJPY
Bias: Sell / Rejection from resistance
Entry: 159.496
Stop Loss: 159.736 (24 pips)
Take Profit: 158.831 (66.5 pips)
Risk-to-Reward: 1 : 2.77
Trade Thesis:
USDJPY is pushing into a key intraday resistance zone after an aggressive upward move. Price is now testing a supply area where previous reactions occurred, making it a favorable location for a short-position fade. The setup aligns with mean reversion potential after short-term exhaustion.
Confirmation Factors:
Price trading into marked resistance / supply zone
Extended bullish impulse into overhead liquidity
Favorable RR with nearby invalidation
Potential retracement toward lower demand zone
Invalidation:
A clean break and hold above 159.736 would invalidate the bearish rejection idea and suggest continuation higher.
Management Plan:
At +24 pips, consider moving SL to breakeven
Partial profits around 159.10 area if momentum stalls
Hold runner toward full TP at 158.831
Execution Mindset:
This is a location-based short. Edge comes from disciplined execution and respecting the stop, not prediction.
Professional Note: Clean setups like this with nearly 1:3 RR are how traders compound over time—small risk, asymmetric reward.
Bias: Sell / Rejection from resistance
Entry: 159.496
Stop Loss: 159.736 (24 pips)
Take Profit: 158.831 (66.5 pips)
Risk-to-Reward: 1 : 2.77
Trade Thesis:
USDJPY is pushing into a key intraday resistance zone after an aggressive upward move. Price is now testing a supply area where previous reactions occurred, making it a favorable location for a short-position fade. The setup aligns with mean reversion potential after short-term exhaustion.
Confirmation Factors:
Price trading into marked resistance / supply zone
Extended bullish impulse into overhead liquidity
Favorable RR with nearby invalidation
Potential retracement toward lower demand zone
Invalidation:
A clean break and hold above 159.736 would invalidate the bearish rejection idea and suggest continuation higher.
Management Plan:
At +24 pips, consider moving SL to breakeven
Partial profits around 159.10 area if momentum stalls
Hold runner toward full TP at 158.831
Execution Mindset:
This is a location-based short. Edge comes from disciplined execution and respecting the stop, not prediction.
Professional Note: Clean setups like this with nearly 1:3 RR are how traders compound over time—small risk, asymmetric reward.
Trade closed manually
Reentered at around 159.683 and exited around breakeven.
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.
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.