JPY/USD Bullish Breakout – Targeting 0.0072802 After Retest (Apr

Entry Point: ~0.0069539

Take Profit (TP): 0.0072802

Stop Loss (SL): 0.0068579

Risk/Reward Ratio:

Risk: ~0.000096

Reward: ~0.000326

Approx. R/R = 1:3.4 → Excellent reward-to-risk

🧠 Strategy Insight
Trade Type: Long (Buy)
This is a bullish continuation setup aiming for higher highs after a breakout from a consolidation range.

Price Action:

Strong bullish trend visible since early April.

Price consolidated in a purple zone (likely a demand/support zone), then broke out and is now retesting that zone — classic breakout and retest pattern.

Indicators:

Two moving averages (likely 50 EMA in red and 200 EMA in blue) are in bullish alignment:

Price is above both EMAs.

50 EMA is above the 200 EMA, confirming bullish momentum.

Support & Resistance Zones:

Entry near previous resistance turned support — solid structure for long positioning.

TP zone near prior highs, possibly based on historical resistance (purple shaded zone above).

SL placed below the most recent demand zone and 200 EMA — a conservative and safe stop.

🔁 Trade Scenarios
✅ Bullish Outcome (Preferred):
Price respects the retest zone and pushes toward 0.0072802.

Strong momentum or fundamental catalysts could support the breakout continuation.

❌ Bearish Risk:
Price dips below the entry and breaks the demand zone and EMAs.

SL at ~0.0068579 helps manage this risk effectively.

🧩 Summary
This is a well-structured trend continuation long setup with textbook breakout-retest logic. The high R/R makes it an attractive opportunity assuming bullish conditions persist.

📌 Suggested Title
"JPY/USD Long Trade Setup – Breakout Retest Toward 0.0072802 (April 11, 2025)"