AlphaForex56

USDJPY @ Selling Oppurtunity, Breakdown Uptrend (Read Captions)

Short
AlphaForex56 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
๐Ÿ“‰ USD/JPY Forecast ๐Ÿ“‰

USD/JPY is currently at the peak of an uptrend but showing signs of consolidation within a range. Recent developments include a breakdown of the ascending trendline, indicating a potential shift towards a selling zone. We are awaiting confirmation of the breakdown of the consolidation range, which could provide further selling opportunities.

Key highlights:
1. Breakdown of the ascending trendline suggests a shift in momentum towards selling pressure.
2. Confirmation of breakdown within the consolidation range is awaited for additional selling signals.
3. Golden crossover of 200EMA & 50EMA in smaller timeframes further supports the selling bias.
4. Increased volume to the selling side adds weight to the bearish outlook.

Important levels to watch:
- Support levels: 146.40, 143.40, and 140.90
- Resistance levels: 150.80 and 151.70


Your continued support and following are invaluable for fostering a strong community. Let's stay connected and navigate the markets together for better outcomes! ๐Ÿ“ˆ๐Ÿ’ช #ForexTrading #USDJPY #MarketForecast
Comment:
Flyying to our first phase towards a retracement on resistance level, be careful okay..
Trade active:
๐Ÿ“ˆ USDJPY Forecast Update: Entry Initiated

We're seeing USDJPY approaching our first phase retrace resistance level. Our entry has been initiated as a strong bearish candle formed. Hold onto your positions as we move towards our targets. Let's keep the momentum going! ๐Ÿ’ช๐ŸŽฏ #ForexTrading #USDJPY #TechnicalAnalysis
Trade active:
๐Ÿ“‰๐Ÿ’ผ USD/JPY Trade Update: On Track Towards Target! ๐ŸŽฏ๐Ÿš€

Traders, an important update on USD/JPY:

๐Ÿ“‰ Trade Initiated: Our entry on USD/JPY was initiated after retracing to the order block, marking a favorable entry point in the trade.

๐Ÿ“‰ Downward Movement: The currency pair is now falling towards our target level as anticipated, validating our trade setup.

๐ŸŽฏ Target Approach: We're on track towards our target level, aiming to capitalize on the downward momentum in USD/JPY.

๐Ÿ“Š Stay Focused: Keep a close eye on the price action as USD/JPY progresses towards our target, and consider adjusting your trading strategy based on market developments.

Let's continue to monitor the trade closely and strive for a successful outcome! ๐Ÿ“‰๐Ÿ’ผ #USDJPY #TradingUpdate #TargetApproaching
Comment:
๐ŸŽฏ๐Ÿ’ฐ USD/JPY Trade Update: First Target Achieved at 146.50! ๐Ÿš€๐ŸŒŸ

Traders, exciting news on USD/JPY:

๐ŸŽฏ First Target Achieved: We've hit our first target at 146.50, marking a significant milestone in our trade journey!

๐Ÿ’ฐ Profit Celebration: Congratulations to everyone on securing profits! Your patience and confidence have led to this amazing achievement.

๐Ÿ“‰ Continued Momentum: USD/JPY is now dropping towards our next target level as anticipated. Let's keep up the momentum!

๐Ÿ‘ Well Done: A round of applause to all traders who participated in this trade. Your dedication is truly commendable.

Keep riding the wave of success and let's continue aiming for profitable outcomes together! ๐ŸŽ‰๐Ÿ“ˆ #USDJPY #ProfitUpdate #TradingSuccess

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