USD/JPY 15M CHART PATTERNHere’s a breakdown and analysis of your USDJPY SELL trade setup on the 15-minute timeframe:
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Trade Details:
Entry: 147.280 (Short)
Stop Loss (SL): 147.998 (≈71.8 pips risk)
Targets:
T1: 146.960 (≈32 pips)
T2: 146.600 (≈68 pips)
T3: 146.019 (≈126 pips)
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Risk/Reward Ratios:
Target Reward (pips) R:R Ratio
T1 32 ~0.45:1
T2 68 ~0.95:1
T3 126 ~1.75:1
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Quick Technical Evaluation (Assuming standard price behavior):
Entry near local high? If yes, solid idea to sell after rejection/candle confirmation.
SL Placement: 147.998 is quite wide—possibly above a recent high or resistance zone.
T1 is relatively close, offering a partial TP level but low reward/risk.
T2 provides near 1:1 R:R, which is more balanced.
T3 is aggressive and may require a strong bearish continuation or news catalyst.
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Suggestions:
1. Adjust SL? – If the 147.998 level isn’t key resistance, consider tightening it closer to the swing high (e.g., 147.400–147.500) to improve R:R.
2. Scaling Out – Consider closing part of the position at T1 or T2, then letting the rest run to T3.
3. Monitor Price Action – On the 15m chart, look for bearish continuation (e.g., lower highs, bearish engulfing, MACD crossover, etc.).
