The USD/JPY trade setup you've described appears to focus on a bullish trend line breakout, but there are inconsistencies in the terminology and risk-reward structure that need clarification. Here's a refined interpretation and analysis:
---
### *Trade Setup Rationale*
1. *Entry Point 149.500 *: Likely triggered by a bullish breakout above a descending trend line (resistance). Entry might be near the breakout level, *assuming the price retests the trend line (now support)*.
- Example: If the breakout occurs around *150.00, a pullback to **150.00-151.00* could serve as the entry zone.
2. *Take Profit (TP) Targets* (mislabeled as "support"):
- *TP1: 152.60* (near prior resistance or a measured move).
- *TP2: 154.80* (extension of the bullish momentum, possibly a multi-month high).
3. *Stop Loss (SL): 148.25* (placed below the trend line/swing low to protect against false breakouts).
---
### *Risk-Reward Considerations*
- *Scenario: Entry at **150.00, SL at **148.25* (175 pips risk).
- TP1 (152.60): *+260 pips* (1:1.5 risk-reward).
- TP2 (154.80): *+480 pips* (1:2.7 risk-reward).
- *Note*: Wider stops may suit swing traders, but ensure alignment with your strategy.
---
### *Key Factors to Validate*
1. *Trend Confirmation*: Confirm bullish momentum with indicators (e.g., RSI >50, MACD crossover).
2. *Fundamentals*: Monitor BoJ intervention risks or Fed policy shifts impacting USD/JPY.
3. *Price Action*: Watch for a clean breakout with volume support and no false spikes.
---
### *Adjusted Trade Plan*
- *Buy Entry: On confirmed trend line breakout (e.g., daily close above **151.00*).
- *TP1: **152.60* (partial profit).
- *TP2: **154.80* (final target).
- *SL: **148.25* (strict risk management).
---
### *Trade Setup Rationale*
1. *Entry Point 149.500 *: Likely triggered by a bullish breakout above a descending trend line (resistance). Entry might be near the breakout level, *assuming the price retests the trend line (now support)*.
- Example: If the breakout occurs around *150.00, a pullback to **150.00-151.00* could serve as the entry zone.
2. *Take Profit (TP) Targets* (mislabeled as "support"):
- *TP1: 152.60* (near prior resistance or a measured move).
- *TP2: 154.80* (extension of the bullish momentum, possibly a multi-month high).
3. *Stop Loss (SL): 148.25* (placed below the trend line/swing low to protect against false breakouts).
---
### *Risk-Reward Considerations*
- *Scenario: Entry at **150.00, SL at **148.25* (175 pips risk).
- TP1 (152.60): *+260 pips* (1:1.5 risk-reward).
- TP2 (154.80): *+480 pips* (1:2.7 risk-reward).
- *Note*: Wider stops may suit swing traders, but ensure alignment with your strategy.
---
### *Key Factors to Validate*
1. *Trend Confirmation*: Confirm bullish momentum with indicators (e.g., RSI >50, MACD crossover).
2. *Fundamentals*: Monitor BoJ intervention risks or Fed policy shifts impacting USD/JPY.
3. *Price Action*: Watch for a clean breakout with volume support and no false spikes.
---
### *Adjusted Trade Plan*
- *Buy Entry: On confirmed trend line breakout (e.g., daily close above **151.00*).
- *TP1: **152.60* (partial profit).
- *TP2: **154.80* (final target).
- *SL: **148.25* (strict risk management).
Trade active
trade active from 149.500 Note
touch 15.900 profit runing 90 pips keep hold in buy posotion
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Gold Signal's with proper TP & SL for high profit opportunities..
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📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.