USD/JPY Bullish Run Setup
Updated
I’m currently monitoring USD/JPY for a strong bullish push, leveraging both HTF structure and 15-minute trend confirmation to guide my entry and trailing strategy.
🔹 Market Structure: The higher time frame (HTF) shows a bullish bias, and we’ve just witnessed a bullish shift on the 15-minute chart. This setup aligns well with my strategy, where I look for confirmation of market direction on both time frames.
🔹 Trade Objective: My goal is to ride this momentum to at least the previous 4-hour high, but with a trailing stop in place, I’m prepared to capture additional upside if the trend remains favorable.
🔹 Risk Management: Employing my trailing system with ATR-based stop loss, I’m managing risk at 1%, aiming for a steady risk-to-reward balance while allowing room for potential larger gains.
🔹 Stats: So far, the indicator has shown promising results with a net profit of 254.62 R and a profit factor of 4.18, based on my backtests. This approach helps me stay disciplined and make data-backed decisions.
Let’s see if USD/JPY continues to hold this momentum and pushes higher! 🚀
#USDJPY #Forex #TradingSetup #MarketStructure #RiskManagement
🔹 Market Structure: The higher time frame (HTF) shows a bullish bias, and we’ve just witnessed a bullish shift on the 15-minute chart. This setup aligns well with my strategy, where I look for confirmation of market direction on both time frames.
🔹 Trade Objective: My goal is to ride this momentum to at least the previous 4-hour high, but with a trailing stop in place, I’m prepared to capture additional upside if the trend remains favorable.
🔹 Risk Management: Employing my trailing system with ATR-based stop loss, I’m managing risk at 1%, aiming for a steady risk-to-reward balance while allowing room for potential larger gains.
🔹 Stats: So far, the indicator has shown promising results with a net profit of 254.62 R and a profit factor of 4.18, based on my backtests. This approach helps me stay disciplined and make data-backed decisions.
Let’s see if USD/JPY continues to hold this momentum and pushes higher! 🚀
#USDJPY #Forex #TradingSetup #MarketStructure #RiskManagement
Trade closed: target reached
Closed with 2.2 RR 
🌟 Join our trading community for insights, strategies, and market updates! 🚀 discord.gg/cUgZywKQ 🌐
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.