USDJPY LIVE Y
Solid multi-timeframe confluence setup! Here's a quick read on what you've shared:
Your Structure (Top-Down)
- Weekly rejected support → Daily breakout
- Daily rejected support → 4H breakout
- 4H rejected support → 1H breakout
- Entry: 1H support level, targeting 1:4 R/R
That's a clean cascading confirmation approach — each timeframe validating the next lower one before entry.
From the Chart
- Current price: ~159.487
- The teal box above suggests your take profit zone (~159.60+)
- The red box below appears to be your stop loss zone (~159.44 area)
- That aligns roughly with a 1:4 R/R if your TP is near 159.64+
A few things to keep in mind:
- USDJPY remains sensitive to BOJ intervention rhetoric any sudden yen-strengthening news can invalidate technical setups quickly
- The 159.50 area has been a contested level recently
Massive pump to the upside.
Adjusted my SL.
TP smashed
A huge 1:3 RR bagged 🎯