USDJPY (4H) | LONG TRADEUSD/JPYOANDA:USDJPYdaytrader4beginners🔍 Chart Read (Structure) Clear ABCDE triangle ✔️ Price respecting: Descending resistance (b → d) Ascending support (a → c → e) Current position: near completion of wave E 👉 This is typically the final compression before expansion ⚡ Bias: BULLISH BREAKOUT (Primary Scenario) Why: Triangle = continuation pattern Likely part of wave (IV) → next move = wave (III) or (V) expansion Price holding higher lows ✔️ Liquidity building below E ✔️ 🚀 Trade Plan (BUY SETUP) 🟢 Entry Options: ✅ Aggressive Entry: 159.20 – 159.50 (current zone) Enter on strong bullish candle / momentum push ✅ Safer Entry (Best): Break & retest of trendline (~159.60–159.80) 🛑 Stop Loss: 158.20 – 158.00 (Below wave E low + triangle support) 🎯 Targets: 🎯 Target 1: 160.80 (Triangle height projection / prior resistance) 🎯 Target 2: 162.00 🔥 Target 3 (Main Expansion): 163.20 – 163.50 (Your marked wave III zone ✔️) 📊 Risk–Reward: Easy 1:3+ RR If breakout is strong → can extend further ⚠️ Invalidation Scenario (Important) If price: Breaks below 158.00 with strong close 👉 Then: Triangle failed ❌ Expect liquidity sweep → downside move 🧠 LIQ TRADING Insight Wave E usually traps sellers Smart money: Accumulates near support Breaks out violently 👉 That green zone you marked = perfect expansion projection ⚡ Execution Tip (Pro Level) Wait for one of these: Trendline breakout + retest Liquidity sweep below E → immediate reversal (best entry) High momentum breakout candle