USDJPY:Breakout and Retest Strategy with Key Level and Indicator

27 thg 12, 2024

USDJPY USD/JPY: Breakout and Retest Strategy with Key Levels and Indicators
Analysis:
Price Action Strategy:
Break of Structure (BOS):

The chart shows multiple BOS levels, indicating significant price movements. The first BOS is around 157.173, and the second BOS is around 157.793.

Equal Highs:

The price has formed equal highs around 158.000, suggesting a potential resistance level.

Swing High and Swing Low:

The swing high is at 157.793, and the swing low is at 157.173.

Smart Money Concepts (SMC):
Order Blocks:

The chart shows potential order blocks around the BOS levels, which can act as support and resistance zones.

Liquidity Zones:

The equal highs around 158.000 indicate a liquidity zone where stop orders might be placed.

ICT Strategy:
Fibonacci Retracement:

The Fibonacci levels (0.382, 0.5, 0.618, 0.705, 0.786) are drawn from the swing high to the swing low, indicating potential retracement levels.

Volume Profile:

The volume profile shows high trading activity around 157.793 and 157.173, indicating strong support and resistance levels.

Indicators:
RSI:

The RSI is currently around 55.68, indicating a neutral market condition.

MACD:

The MACD shows a potential bullish crossover, suggesting a possible upward movement.

Volume:

The volume bars indicate increased trading activity around the BOS levels.
Buy Signal:
entry: 157.793
tp1: 158.000
tp2: 158.500
sl: 157.173

Sell Signal:
entry: 158.000
tp1: 157.793
tp2: 157.173
sl: 158.500
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27 thg 12, 2024

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active entry: 157.793