USDJPY (H4) There are signs of weakening momentum

Jan 31

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%

Jan 31

Note

With a profit level approximately equal to the stop loss, you can raise the stop loss to positive to preserve profits.

Jan 31

Note

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.

Feb 1

Note

If you have not closed this order, you can move your stop loss to 147.148

Feb 2

Trade closed: target reached

The market consistently exhibits unpredictable fluctuations, and it is imperative to acknowledge and effectively manage these risks.