USD/JPY โ€“ 30-Min Long Trade Setup !

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๐Ÿ“Œ๐Ÿš€
๐Ÿ”น Asset: USD/JPY (U.S. Dollar / Japanese Yen)
๐Ÿ”น Timeframe: 30-Min Chart
๐Ÿ”น Setup Type: Bullish Reversal Trade

๐Ÿ“Œ Trade Plan (Long Position)
โœ… Entry Zone: Above 150.060 (Breakout Confirmation)
โœ… Stop-Loss (SL): Below 149.481 (Invalidation Level)

๐ŸŽฏ Take Profit Targets:
๐Ÿ“Œ TP1: 150.709 (First Resistance Level)
๐Ÿ“Œ TP2: 151.582 (Extended Bullish Move)

๐Ÿ“Š Risk-Reward Ratio Calculation
๐Ÿ“‰ Risk (SL Distance): 150.060 - 149.481 = 0.579 risk per unit
๐Ÿ“ˆ Reward to TP1: 150.709 - 150.060 = 0.649 (1:1.12 R/R)
๐Ÿ“ˆ Reward to TP2: 151.582 - 150.060 = 1.522 (1:2.63 R/R)

๐Ÿ” Technical Analysis & Strategy
๐Ÿ“Œ Falling Wedge Breakout: Price has broken out of a falling wedge, a strong bullish reversal pattern.
๐Ÿ“Œ Support Rejection: The price tested 149.481 support and showed buying pressure.
๐Ÿ“Œ Volume Confirmation Needed: Ensure high buying volume when price holds above 150.060 to confirm bullish momentum.
๐Ÿ“Œ Momentum Shift Expected: If price remains above 150.060, it could push toward 150.709, and further to 151.582.

๐Ÿ“Š Key Support & Resistance Levels
๐ŸŸข 149.481 โ€“ Stop-Loss / Support Level
๐ŸŸก 150.060 โ€“ Breakout Level / Long Entry
๐Ÿ”ด 150.709 โ€“ First Resistance / TP1
๐Ÿ”ด 151.582 โ€“ Final Target / TP2

๐Ÿ“‰ Trade Execution & Risk Management
๐Ÿ“Š Volume Confirmation: Ensure high buying volume above 150.060 before entering.
๐Ÿ“‰ Trailing Stop Strategy: Move SL to entry (150.060) after TP1 (150.709) is hit.

๐Ÿ’ฐ Partial Profit Booking Strategy:
โœ” Take 50% profits at 150.709, let the rest run toward 151.582.
โœ” Adjust Stop-Loss to Break-even (150.060) after TP1 is reached.

โš ๏ธ Fake Breakout Risk
โŒ If the price fails to hold above 150.060 and drops back, exit early to avoid losses.
โŒ Wait for a strong bullish candle close above 150.060 before entering aggressively.

๐Ÿš€ Final Thoughts
โœ” Bullish Setup โ€“ Bouncing from 149.481 support suggests a potential reversal.
โœ” Momentum Shift Possible โ€“ Watch for volume confirmation.
โœ” Favorable Risk-Reward Ratio โ€“ 1:1.12 to TP1, 1:2.63 to TP2.

๐Ÿ’ก Stick to the plan, manage risk, and trade smart! ๐Ÿš€๐Ÿ“ˆ

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