USD/JPY.. Treand line break out...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:
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### *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).
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### *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.
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### *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.
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### *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).
