USD/JPY 15M CHART PATTERN

Here’s a breakdown and analysis of your USDJPY SELL trade setup on the 15-minute timeframe:


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Trade Details:

Entry: 147.280 (Short)

Stop Loss (SL): 147.998 (≈71.8 pips risk)

Targets:

T1: 146.960 (≈32 pips)

T2: 146.600 (≈68 pips)

T3: 146.019 (≈126 pips)




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Risk/Reward Ratios:

Target Reward (pips) R:R Ratio

T1 32 ~0.45:1
T2 68 ~0.95:1
T3 126 ~1.75:1



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Quick Technical Evaluation (Assuming standard price behavior):

Entry near local high? If yes, solid idea to sell after rejection/candle confirmation.

SL Placement: 147.998 is quite wide—possibly above a recent high or resistance zone.

T1 is relatively close, offering a partial TP level but low reward/risk.

T2 provides near 1:1 R:R, which is more balanced.

T3 is aggressive and may require a strong bearish continuation or news catalyst.



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Suggestions:

1. Adjust SL? – If the 147.998 level isn’t key resistance, consider tightening it closer to the swing high (e.g., 147.400–147.500) to improve R:R.


2. Scaling Out – Consider closing part of the position at T1 or T2, then letting the rest run to T3.


3. Monitor Price Action – On the 15m chart, look for bearish continuation (e.g., lower highs, bearish engulfing, MACD crossover, etc.).