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Nimesh Tandel

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Recent Best Controversial

    Charting the Yen's Rise, But... {USDJPY}
  • N Nimesh Tandel

    USDJPY_2025-05-22_10-00-58.png

    ✅ Trade Setup (Short-Term Intraday - Bullish Bias)
    🔹 Entry (Buy Limit):
    Entry Price: 143.25
    (Buy on a slight pullback, near minor support within the current range)

    🔹 Stop Loss (SL):
    SL Price: 143.00
    (Below the recent low — if price breaks that, bias may flip bearish)

    🔹 Take Profit (TP):
    TP1: 143.55 (recent local high)

    TP2: 143.80 (strong resistance level from earlier session)

    ⚖️ Risk-Reward Ratio
    Risk: 25 pips (SL: 143.25 → 143.00)

    Reward:

    TP1: 30 pips

    TP2: 55 pips

    R:R = 1.2 to 2.2 depending on exit strategy

    📈 Community Notes
    Trend: Short-term consolidation, possible bullish breakout.

    Caution: High volatility during Tokyo/London overlap — tighten SL if price accelerates.

    Alternative Plan: If price breaks below 143.00 with volume, consider flipping short.

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