USD/JPY Trade Setup — Entry, Stop Loss, Profit Targets
Below are
two clear scenarios (bearish breakdown vs bullish fakeout). Use confirmation on
H1 / H4 close before entering.
Scenario 1: Bearish Breakdown (Trend Continuation)
Sell Entry
- Sell on H1/H4 close below 156.50
- Conservative entry: 156.30
Stop Loss
- 157.20 (above broken support / structure high)
Profit Targets
- TP1: 155.50
- TP2: 154.80
- TP3: 154.20
Risk–Reward
- Approx. 1:2.5 to 1:4 (depending on exit management)
Trade Management
- Move stop to breakeven after TP1
- Partial close recommended at TP1
Scenario 2: Bullish Fakeout (Reversal Play)
Buy Entry
- Buy after rejection from 156.50 and H1/H4 close above 158.20
- Aggressive entry: 158.30
- Conservative entry: 158.60
Stop Loss
- 156.90 (below fakeout low)
Profit Targets
- TP1: 159.80
- TP2: 160.50
- TP3: 161.50
Risk–Reward
Trade Management
- Secure partial profits at TP1
- Trail stop below higher lows on H1
Invalidation Levels
- Bullish bias invalid below 156.50
- Bearish bias invalid above 158.50
Notes for Discipline
- Avoid entering before candle close
- Reduce position size during high-impact news (US data, BoJ comments)
- One scenario only — do not trade both simultaneously
