📊 USDJPY | 15M LONG SETUP
USDJPY is showing a potential bullish continuation setup after reacting from the 157.60–157.70 demand area.
Price previously swept lower liquidity around 157.45–157.50 and then produced a strong bullish displacement toward 158.10+. I’m now watching the current retracement for a continuation of that bullish structure.
━━━━━━━━━━━━━━━━━━
🟢 BUY ZONE
157.70 – 157.76
🛑 STOP LOSS
157.429
🎯 TAKE PROFIT
TP1 → 158.10
TP2 → 158.45
📐 Estimated R:R → ~1:2.7
━━━━━━━━━━━━━━━━━━
🔎 MARKET STRUCTURE
• Price swept the previous intraday lows around 157.45–157.50.
• Strong bullish displacement followed the liquidity sweep, shifting short-term momentum to the upside.
• Price is now retracing into the 157.60–157.70 demand/imbalance area.
• Holding above 157.60 would keep the bullish continuation thesis valid.
• 158.10 is the first major upside objective, followed by 158.45 liquidity/resistance.
━━━━━━━━━━━━━━━━━━
⚠️ INVALIDATION
A decisive 15M close below 157.429 invalidates the bullish setup.
I would prefer confirmation rather than blindly entering the zone.
Possible confirmation:
✓ Bullish rejection
✓ Liquidity sweep
✓ 15M bullish displacement
✓ Lower-timeframe BOS/CHOCH
✓ Demand-zone reaction
━━━━━━━━━━━━━━━━━━
📌 TRADE IDEA
BUY USDJPY
Entry: 157.70–157.76
SL: 157.429
TP: 158.10 → 158.45
The key level to watch is 157.60. As long as buyers defend this area, the bullish continuation remains valid.
Risk management comes first. The setup is invalid if price proves the bullish thesis wrong.
Not financial advice. This is my technical analysis and trade plan.
$JPY.ETF
#USDJPY #Forex #ForexTrading #Trading #TradingSetup
USDJPY is showing a potential bullish continuation setup after reacting from the 157.60–157.70 demand area.
Price previously swept lower liquidity around 157.45–157.50 and then produced a strong bullish displacement toward 158.10+. I’m now watching the current retracement for a continuation of that bullish structure.
━━━━━━━━━━━━━━━━━━
🟢 BUY ZONE
157.70 – 157.76
🛑 STOP LOSS
157.429
🎯 TAKE PROFIT
TP1 → 158.10
TP2 → 158.45
📐 Estimated R:R → ~1:2.7
━━━━━━━━━━━━━━━━━━
🔎 MARKET STRUCTURE
• Price swept the previous intraday lows around 157.45–157.50.
• Strong bullish displacement followed the liquidity sweep, shifting short-term momentum to the upside.
• Price is now retracing into the 157.60–157.70 demand/imbalance area.
• Holding above 157.60 would keep the bullish continuation thesis valid.
• 158.10 is the first major upside objective, followed by 158.45 liquidity/resistance.
━━━━━━━━━━━━━━━━━━
⚠️ INVALIDATION
A decisive 15M close below 157.429 invalidates the bullish setup.
I would prefer confirmation rather than blindly entering the zone.
Possible confirmation:
✓ Bullish rejection
✓ Liquidity sweep
✓ 15M bullish displacement
✓ Lower-timeframe BOS/CHOCH
✓ Demand-zone reaction
━━━━━━━━━━━━━━━━━━
📌 TRADE IDEA
BUY USDJPY
Entry: 157.70–157.76
SL: 157.429
TP: 158.10 → 158.45
The key level to watch is 157.60. As long as buyers defend this area, the bullish continuation remains valid.
Risk management comes first. The setup is invalid if price proves the bullish thesis wrong.
Not financial advice. This is my technical analysis and trade plan.
$JPY.ETF
#USDJPY #Forex #ForexTrading #Trading #TradingSetup
