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Home / Analysis / Commodity Analysis / USDJPY (4H) | LONG TRADE

USDJPY (4H) | LONG TRADE

šŸ” Chart Read (Structure)
Clear ABCDE triangle āœ”ļø
Price respecting:
Descending resistance (b → d)
Ascending support (a → c → e)
Current position: near completion of wave E

šŸ‘‰ This is typically the final compression before expansion

⚔ Bias: BULLISH BREAKOUT (Primary Scenario)

Why:

Triangle = continuation pattern
Likely part of wave (IV) → next move = wave (III) or (V) expansion
Price holding higher lows āœ”ļø
Liquidity building below E āœ”ļø

šŸš€ Trade Plan (BUY SETUP)

🟢 Entry Options:
āœ… Aggressive Entry:
159.20 – 159.50 (current zone)
Enter on strong bullish candle / momentum push

āœ… Safer Entry (Best):
Break & retest of trendline (~159.60–159.80)

šŸ›‘ Stop Loss:
158.20 – 158.00
(Below wave E low + triangle support)
šŸŽÆ Targets:

šŸŽÆ Target 1:
160.80
(Triangle height projection / prior resistance)
šŸŽÆ Target 2:
162.00
šŸ”„ Target 3 (Main Expansion):
163.20 – 163.50
(Your marked wave III zone āœ”ļø)

šŸ“Š Risk–Reward:

Easy 1:3+ RR
If breakout is strong → can extend further
āš ļø Invalidation Scenario (Important)

If price:

Breaks below 158.00 with strong close

šŸ‘‰ Then:

Triangle failed āŒ

Expect liquidity sweep → downside move
🧠 LIQ TRADING Insight
Wave E usually traps sellers
Smart money:
Accumulates near support
Breaks out violently

šŸ‘‰ That green zone you marked = perfect expansion projection

⚔ Execution Tip (Pro Level)

Wait for one of these:

Trendline breakout + retest
Liquidity sweep below E → immediate reversal (best entry)
High momentum breakout candle

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