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USD/JPY Sell Setup with Double Top Rejection (1 Viewer)

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 USD/JPY Sell Setup with Double Top Rejection (1 Viewer)

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skynoxon

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Timeframe:
Primary: M15
Confirmation: M1
Higher Bias: H1

Trade Direction: Sell

Entry Zone: 148.80 – 149.10
Optimal Entry: 148.95

Stop Loss: 149.55
SL Distance: 60 pips

Take Profit Levels:
TP1: 148.35 → 60 pips
TP2: 147.60 → 135 pips
TP3: 146.50 → 245 pips

Risk to Reward:
TP1: 1:1
TP2: 1:2.25
TP3: 1:4

Market Session:
New York session preferred

Sell Confirmation (M1 / M15):
Double top formation on M15
Bearish engulfing at resistance
Break of neckline support

Trade Management:
Partial profit at TP1
Move Stop Loss to breakeven after TP1
Trail Stop Loss above lower highs

Invalidation:
M15 close above 149.25 cancels the setup

Trade Type:
Intraday on M15
Short swing if H1 trend weakens
 
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