USDJPY (H1) - Bullish SMC Setup After CHoCHUSD/JPYOANDA:USDJPYCIPHERCHART📊 Technical Analysis Market Structure: Following a strong corrective markdown, price has bottomed out and shifted its momentum. Confirmation Signal: Price has successfully printed a CHoCH (Change of Character) to the upside by breaking above the key structural swing high at 161.612. Supporting Factors: This aggressive bullish expansion has left behind multiple FVG (Fair Value Gap) inefficiencies below. We are anticipating a healthy technical retracement back into this discount/demand zone before the next leg up. 🎯 Trading Setup We are looking to set a Buy Limit order to capture the retest with an optimized Risk-to-Reward ratio. Order Type: Buy Limit (Long) Entry Zone: 161.500 - 161.600 (Confluence of the CHoCH breaker block and FVG) Stop Loss (SL): 161.140 (Placed safely below the key local FVG invalidation level) Take Profit (TP): 162.614 (Targeting the major structural liquidity pool / recent swing high) 📈 Risk/Reward Ratio: ~ 2.40+ ⚠️ Risk Management Risk per trade: Recommended risk is 0.5% - 1% of your capital. Trade Management: Once the entry is triggered and price reaches 1R in profit, consider moving your Stop Loss to Break-Even (BE) to secure a risk-free position. Note: Keep an eye on high-impact USD or JPY macroeconomic news releases that could induce abnormal volatility. Good luck with your trades this week! Feel free to share your thoughts and updates in the comments below.