🏃♂️USDJPY is moving in an Ascending Channel (in the Daily time frame).
📈Regarding Classical Technical Analysis, USDJPY has succeeded in breaking the upper line of the Symmetrical Triangle Pattern.
🔔I expect USDJPY to continue its uptrend due to the breakout of the Symmetrical Triangle Pattern.
👑Position:
USDJPY
Position: Long
Entry Point: 156.340 JPY (Stop Limit Order)
Stop Loss: 155.620 JPY
Take Profits: 158.987 JPY// 157.871JPY(RR=2.13)
Risk-To-Reward: 3.68
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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