Pair: GBP/JPY
Direction: SELL
Entry Zone: 211.50 – 211.80
Stop Loss: 212.50
Take Profit Levels:
- TP1: 210.50
- TP2: 209.80
- TP3: 208.90
- Price enters entry zone → sell setup ready
- Hit TP1 → secure partial profit
- Hit TP2 → move SL to breakeven
- Hit TP3 → close fully
- Close above SL → invalidate setup
- Overbought conditions on H4/D1 support bearish reversal
- Key resistance at 212.30 strengthens setup
- Trend momentum aligns with sell bias
- Max 1–2% account risk per trade
- Reduce position size on correlated pairs
- Best traded during London & New York sessions