USDJPY short
USD/JPY One hour trading report overview
Tickets (EP): 156.86
Reason: Select the 156.86 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 157.44
Rationale: Stop loss is set at 157.44, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 155.77
Reason: Take profit level is set at 155.77 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 109pips (approximately 1,090usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.
Tickets (EP): 156.86
Reason: Select the 156.86 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 157.44
Rationale: Stop loss is set at 157.44, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 155.77
Reason: Take profit level is set at 155.77 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 109pips (approximately 1,090usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.
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