USDJPY LONG CALL: Unlocking Multi-Entry Profit Potential

Trade Outlook for USDJPY:

Trade Idea: Long USDJPY

Trade Call Type: Long (Buy)

Currency Pair: USDJPY (US Dollar / Japanese Yen)

Entry Rules:

Entry 1: Buy Stop at 140.101
Entry 2: Buy Limit at 139.517
Entry 3: Buy Limit at 138.933
Take Profit Levels:

Take Profit 1: 140.824
Take Profit 2: 141.535
Stop Loss:

138.678
Risk-Reward Ratio (RRR) and Risk per Trade:

Entry 1: RRR 1:1, Risk 0.50%
Entry 2: RRR 1:1.61, Risk 0.50%
Entry 3: RRR 1:4.06, Risk 0.25%
Trade Analysis:

The trade idea suggests a long (buy) position on USDJPY. Three entry points are provided to take advantage of different potential scenarios. The stop loss is set at 138.678 to limit potential losses.

Trade Execution:

Entry 1 (Buy Stop): If USDJPY reaches or goes above 140.101, initiate a long position.

Take Profit 1: Set the first take profit level at 140.824.
Take Profit 2: Set the second take profit level at 141.535.
Stop Loss: Place the stop loss at 138.678.
Entry 2 (Buy Limit): If USDJPY retraces and reaches 139.517, consider another long position.

Take Profit 1 and Take Profit 2: Same as Entry 1.
Stop Loss: Same as Entry 1.
Entry 3 (Buy Limit): If USDJPY further retraces and reaches 138.933, consider another long position.

Take Profit 1 and Take Profit 2: Same as Entry 1.
Stop Loss: Same as Entry 1.
Risk Management:

Risk: For each entry, the risk per trade is either 0.50% or 0.25% of the trading capital, depending on the entry point. This helps in managing potential losses and preserving capital.