How I Caught 2R on USDJPY → and What’s Next

[cryptobro]

In the past few months, no pair has been as profitable as USDJPY.
If you followed my analysis from two days ago, you’re probably sitting on around a 2R profit right now.

Now, let’s talk about what’s next.
On the 15-minute timeframe, USDJPY has formed a clean range — and a breakout from this zone could trigger the next big move.

Setup and Entry Plan:
We can place a buy stop above the 155.002 resistance, though I personally prefer to wait for a breakout candle confirmation before entering.
At the moment, the structure doesn’t offer an ideal stop-loss placement.
If the price continues to range until just before the New York session, we’ll likely get a much tighter and more efficient stop.
Otherwise, the stop-loss can go below 154.604, or if you want to be safer, below 154.478.

Exit Plan:
The 155.874 zone is a solid first target for taking profit.
I recommend partial profits, since this trade aligns with both HWC and MWC structures — meaning continuation probability remains high.
However, if price fakes out below 155.002, it’s better to close the previous position (from two days ago), as we might be facing a short-term correction.

Goal:
The goal here is to capture the continuation of the HWC and the beginning of an MWC uptrend on the daily timeframe.
That’s why using partial profits helps you stay in sync with the trend while locking in higher R/R ratios safely.

[Rimon Khan]

Nice execution — clean risk management to secure that 2R.

[EmTeam]

USDJPY still volatile; next key level will decide direction.