📘 Trading Journal Entry – USD/JPY
Date: May 16, 2025
Timeframe: 2H
Pair: USD/JPY
Direction: Long (Buy)
Entry Price: ~145.5
Stop Loss: 144.818
Take Profit: 149.254
Risk/Reward Ratio: ~1:5
🧠 Trade Idea & Reasoning:
I’ve re-entered this trade based on strong bullish control of the market. Price has returned to a key support zone near 145.470–145.539, showing signs of holding despite recent downside pressure. Sellers have attempted to push price lower, but failed to break cleanly below — suggesting a liquidity sweep may have occurred (noted near the W.O. level).
There is no clear evidence yet that sellers have taken control. The market structure is still bullish, and the recent consolidation near support indicates possible accumulation by buyers. Additionally, price is forming smaller candle bodies (reduced volatility), which may precede an expansion upward.
🔍 Technical Notes:
Support Zone Held: 145.470–145.539 range held firm.
W.O. Sweep: Potential stop hunt below support zone; a bullish sign.
Market Structure: Bullish higher timeframe structure still intact.
Risk Managed: Stop placed below liquidity zone to protect capital in case of failure.
🎯 Trade Management Plan:
Monitor Tokyo/London session for momentum confirmation.
Look for bullish engulfing candles or strong impulse moves to validate re-entry.
If price stalls near 147.000, partial profits may be taken.
If price re-tests 145.470 and fails again, I may add to the position with tighter risk.
🧾 Reflection:
This is a high R:R setup aligned with the prevailing bullish trend. I’m trading based on structure, not emotion, and will stick to my plan. The stop loss placement respects the invalidation zone, and I’m prepared to accept the risk in full.
Date: May 16, 2025
Timeframe: 2H
Pair: USD/JPY
Direction: Long (Buy)
Entry Price: ~145.5
Stop Loss: 144.818
Take Profit: 149.254
Risk/Reward Ratio: ~1:5
🧠 Trade Idea & Reasoning:
I’ve re-entered this trade based on strong bullish control of the market. Price has returned to a key support zone near 145.470–145.539, showing signs of holding despite recent downside pressure. Sellers have attempted to push price lower, but failed to break cleanly below — suggesting a liquidity sweep may have occurred (noted near the W.O. level).
There is no clear evidence yet that sellers have taken control. The market structure is still bullish, and the recent consolidation near support indicates possible accumulation by buyers. Additionally, price is forming smaller candle bodies (reduced volatility), which may precede an expansion upward.
🔍 Technical Notes:
Support Zone Held: 145.470–145.539 range held firm.
W.O. Sweep: Potential stop hunt below support zone; a bullish sign.
Market Structure: Bullish higher timeframe structure still intact.
Risk Managed: Stop placed below liquidity zone to protect capital in case of failure.
🎯 Trade Management Plan:
Monitor Tokyo/London session for momentum confirmation.
Look for bullish engulfing candles or strong impulse moves to validate re-entry.
If price stalls near 147.000, partial profits may be taken.
If price re-tests 145.470 and fails again, I may add to the position with tighter risk.
🧾 Reflection:
This is a high R:R setup aligned with the prevailing bullish trend. I’m trading based on structure, not emotion, and will stick to my plan. The stop loss placement respects the invalidation zone, and I’m prepared to accept the risk in full.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.