I have entered a short on USD/JPY after price broke below a key ascending trendline on the 1H chart. Entered at 143.658 with a Stop Loss set at 144.520 (-89 pips risk).
Target Levels:
TP1: 142.189 (+148 pips) - Moving SL to break even once this is hit. TP2: 141.319 (+235 pips) TP3: 139.579 (+407 pips)
This setup offers a solid risk-to-reward ratio, with multiple profit targets for a gradual exit.