USDJPY- Buliish trade setup on 15 Minutes Timeframe

Entry: The entry is at 140.870, which occurs upon a retest of the breakout from the handle.
Take Profit: The take profit is set at 142.00, aligning with the measured move projection from the cup formation.
Stop Loss: The stop loss is set at 140.540, positioned just below the handle’s low to protect against false breakouts.
Additional Insights:
Risk-Reward Ratio: With the entry at 140.870, the take profit at 142.00, and stop loss at 140.540, this setup provides a favorable risk-to-reward ratio. The risk is approximately 33 pips, and the reward is around 113 pips.
Confirmation: The chart shows the handle forming, with a possible retest of the breakout line. Watch for confirmation with increased buying volume or a bullish candlestick pattern before entering.
Tips:
Volume: Increased volume during the breakout would strengthen the setup.
Trailing Stop: Consider using a trailing stop to lock in profits if the price moves favorably toward your target.
This is a classic example of a Cup and Handle pattern in action, and it looks well-positioned for a bullish continuation.