BUY OPPORTUNITY
Buy: USD/JPY
Entry Price: 153.303
Stop Loss (SL): 153.103
Take Profit 1 (TP1): 153.792
Take Profit 2 (TP2): 154.064
Support Level (200 EMA): 153.062
Risk-to-Reward Ratio: 1:2
Buy position with the expectation that the price will continue rising after touching the 200 EMA support level at 153.062.
The entry price of 153.303 indicates the current level is slightly above the support, where a rebound is anticipated.
The stop loss (SL) at 153.103 ensures the risk is minimized in case the price doesn't hold above the support.
The take profit levels (TP1 and TP2) indicate two stages for profit-taking as the price rises, with TP1 at 153.792 and TP2 at 154.064, allowing for a good risk-to-reward ratio based on your target levels.
Entry Price: 153.303
Stop Loss (SL): 153.103
Take Profit 1 (TP1): 153.792
Take Profit 2 (TP2): 154.064
Support Level (200 EMA): 153.062
Risk-to-Reward Ratio: 1:2
Buy position with the expectation that the price will continue rising after touching the 200 EMA support level at 153.062.
The entry price of 153.303 indicates the current level is slightly above the support, where a rebound is anticipated.
The stop loss (SL) at 153.103 ensures the risk is minimized in case the price doesn't hold above the support.
The take profit levels (TP1 and TP2) indicate two stages for profit-taking as the price rises, with TP1 at 153.792 and TP2 at 154.064, allowing for a good risk-to-reward ratio based on your target levels.
GODO Capital Markets
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