USD/JPY – Buy Entry (H1- Channel Breakout Pattern)

[tradelikepro]

The USD/JPY Pair, Price has been trading within a Channel Breakout Pattern on the H1 chart, forming consistent higher highs and higher lows. Price action is now testing the upper boundary of the Pattern, signalling a possible breakout.

USDJPY

Market Context:

1️⃣Strong Upward Structure Inside the Pattern.
2️⃣Buyers are showing strength near Resistance.
3️⃣Breakout above the Trendline indicates Momentum continuation toward higher zones.

Trade Plan:

Entry: Buy after Confirmed Breakout above the Resistance (H1 candle close above trendline or retest of the breakout).

Take Profit (TP): At the Key Zone – a Major Resistance area identified ahead.
Stop Loss (SL): Below the Pattern Structure.

Psychological Discipline :
1️⃣Stick to plan – No Revenge Trades.
2️⃣Accept losing trades as Part of the Strategy.
3️⃣Risk only 1–2% of your account balance per trade.

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️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Forex trading involves high risk. Trade only with capital you can afford to lose and always do your own research.