U.S. Dollar / Japanese YenUpdated 1.USD/JPY TRENDLINE BREAKOUT
1. This is a **USD/JPY** (U.S. Dollar to Japanese Yen) forex chart on a **30-minute timeframe**.
2. A **descending trendline** has been drawn, indicating a prior downtrend.
3. Price has **broken above the trendline**, signaling a possible bullish breakout.
4. A **buy position** has been taken after the breakout.
5. The **entry price** is around **149.899**.
6. The **stop-loss (SL)** is placed near **149.156**, below recent support.
7. The **take-profit (TP)** is near **150.822**, targeting the next resistance level.
8. A **risk-to-reward ratio** is evident, with the green area representing profit potential and the red area showing risk.
9. The **moving average (yellow line)** provides trend guidance.
10. The overall strategy appears to be a **breakout retest trade** aiming for further upside movement.
#USDJPY #TRENDLINE #Breakout
2. A **descending trendline** has been drawn, indicating a prior downtrend.
3. Price has **broken above the trendline**, signaling a possible bullish breakout.
4. A **buy position** has been taken after the breakout.
5. The **entry price** is around **149.899**.
6. The **stop-loss (SL)** is placed near **149.156**, below recent support.
7. The **take-profit (TP)** is near **150.822**, targeting the next resistance level.
8. A **risk-to-reward ratio** is evident, with the green area representing profit potential and the red area showing risk.
9. The **moving average (yellow line)** provides trend guidance.
10. The overall strategy appears to be a **breakout retest trade** aiming for further upside movement.
#USDJPY #TRENDLINE #Breakout
Trade active
Trade closed: target reached
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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.