SMC Trading point update
Technical analysis of USD/JPY chart shows a bullish reversal setup. Here’s a breakdown behind the analysis:
1. Downtrend & Channel Breakout:
Price was trending downward within a descending channel (marked “channel trend”).
Recently, the price broke out of the channel, signaling a potential trend reversal.
2. Demand Zone (Diamond Zone):
The yellow box labeled “Diamond Zone” represents a demand/support zone where price previously found buyers.
A retest of this zone is expected before the bullish move.
3. EMA (200):
The EMA (200) is currently above the price but close. A break above this level (142.522) could add to bullish momentum.
4. RSI Indicator:
RSI is showing a bounce off a mid-level (~50), suggesting bullish momentum is gaining.
5. Target Level:
The analysis targets 147.838, which aligns with a prior resistance zone.
The move projects a 5.19% gain (~778.5 pips) from the current setup.
Trading Idea Summary:
Entry: Around the “Diamond Zone” after a successful retest.
Confirmation: Watch for bullish candlestick patterns or a break above EMA 200.
Target: 147.838
Stop Loss (implied): Below the Diamond Zone (~140.000)
Pales support boost 🚀 analysis follow)
Technical analysis of USD/JPY chart shows a bullish reversal setup. Here’s a breakdown behind the analysis:
1. Downtrend & Channel Breakout:
Price was trending downward within a descending channel (marked “channel trend”).
Recently, the price broke out of the channel, signaling a potential trend reversal.
2. Demand Zone (Diamond Zone):
The yellow box labeled “Diamond Zone” represents a demand/support zone where price previously found buyers.
A retest of this zone is expected before the bullish move.
3. EMA (200):
The EMA (200) is currently above the price but close. A break above this level (142.522) could add to bullish momentum.
4. RSI Indicator:
RSI is showing a bounce off a mid-level (~50), suggesting bullish momentum is gaining.
5. Target Level:
The analysis targets 147.838, which aligns with a prior resistance zone.
The move projects a 5.19% gain (~778.5 pips) from the current setup.
Trading Idea Summary:
Entry: Around the “Diamond Zone” after a successful retest.
Confirmation: Watch for bullish candlestick patterns or a break above EMA 200.
Target: 147.838
Stop Loss (implied): Below the Diamond Zone (~140.000)
Pales support boost 🚀 analysis follow)
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.