GBP/JPY Sell Setup – Inverse Cup & Handle Pattern Confirmed!
### **📉 GBP/JPY Sell Setup – Inverse Cup & Handle Pattern Confirmed! 🚀**
GBP/JPY is forming a **bearish inverse cup & handle pattern**, with **EMA50 confirming the downtrend**, making it a strong sell opportunity.
🔹 **Sell Entry:** **189.100**
🔹 **Stop Loss:** **189.700** (60 pips above entry)
### **📊 Take Profit Targets:**
✅ **TP1:** **188.700** (40 pips profit)
✅ **TP2:** **188.300** (80 pips profit)
✅ **TP3:** **187.900** (120 pips profit)
### **📌 Trade Management:**
✔ **Stick to SL & TP levels** to manage risk.
✔ **Secure profits** as price moves towards TP3.
✔ **Use proper position sizing** for risk management.
🔥 **Execute wisely & trade safely! 🚀📉**
GBP/JPY is forming a **bearish inverse cup & handle pattern**, with **EMA50 confirming the downtrend**, making it a strong sell opportunity.
🔹 **Sell Entry:** **189.100**
🔹 **Stop Loss:** **189.700** (60 pips above entry)
### **📊 Take Profit Targets:**
✅ **TP1:** **188.700** (40 pips profit)
✅ **TP2:** **188.300** (80 pips profit)
✅ **TP3:** **187.900** (120 pips profit)
### **📌 Trade Management:**
✔ **Stick to SL & TP levels** to manage risk.
✔ **Secure profits** as price moves towards TP3.
✔ **Use proper position sizing** for risk management.
🔥 **Execute wisely & trade safely! 🚀📉**
Trade active
### **📉 GBP/JPY Update – Bearish Momentum Confirmation! 🚨** GBP/JPY is currently testing **support at 188.900**. If the price **breaks below this level**, it will confirm **bearish momentum**, signaling a potential strong downside move.
### **📊 Key Levels to Watch:**
🔹 **Support:** **188.900** (Break below confirms selling pressure)
🔹 **Resistance:** **189.500** (If price stays above, bulls may regain control)
### **📌 Trade Plan & Risk Management:**
✔ **Wait for a clear break & retest of 188.900 before entering a sell position.**
✔ **Set stop-loss wisely to manage risk and avoid false breakouts.**
✔ **Secure profits gradually and adjust stop-loss as trade progresses.**
🔥 **Patience is key—wait for confirmation and trade smart! 🚀📉**
Trade closed: target reached
### **📢 GBP/JPY Update: TP2 Hit at 188.300 – Huge Success! 🚀** GBP/JPY has **successfully reached TP2 at 188.300**, securing a **strong profit** for those who followed the trade. 🎯
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### **🔹 What’s Next?**
✅ **Lock in profits** – Secure gains from TP2.
✅ **Set break-even** – Protect capital in case of a reversal.
✅ **Hold for further targets** – If bearish momentum continues, the final TP could be achieved.
🔥 **Congratulations to all who followed! Stay tuned for more profitable setups!** 📉💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.