USDJPY Trade Recommendation – Second SELL Entry (15-Min Chart)

🔻 Strategy: Continue selling with the short-term downtrend, entering on technical pullback

🎯 Trade Setup:
Sell Entry Zone: 143.94 – 144.00

Stop Loss (SL): 144.45 (just above SMA89 and minor resistance zone)

Take Profit (TP): 143.28 – 143.36

Risk:Reward Ratio: Approx. 1:2.5 to 1:3

📊 Technical Analysis:
1. Trend Direction:
The market is clearly in a short-term downtrend on the 15-minute timeframe.

Price has been forming lower highs and lower lows, indicating strong bearish pressure.

2. Dynamic Resistance – SMA89:
SMA89 (red line) is acting as dynamic resistance, consistently rejecting price.

The entry zone aligns with previous minor resistance and the down-sloping SMA, making it ideal for re-entry short positions.

3. Target Zone – Technical Support:
TP zone (143.28 – 143.36) is a recent swing low/support level, likely to be revisited if bearish momentum continues.

=> Fl and tradding with me!