USDJPY (H4) There are signs of weakening momentum

Updated
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%
Note
With a profit level approximately equal to the stop loss, you can raise the stop loss to positive to preserve profits.
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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.
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Note
If you have not closed this order, you can move your stop loss to 147.148
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Trade closed: target reached
The market consistently exhibits unpredictable fluctuations, and it is imperative to acknowledge and effectively manage these risks.
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