GBPJPY Sell Trade Analysis & Position Sizing*
*1. Trade Overview:*
- *Entry:* 191.050
- *Stop Loss (SL):* 191.800 (55 pips above entry)
- *Take Profit Targets:*
- *TP1:* 188.850 (180 pips)
- *TP2:* 187.250 (340 pips)
*2. Risk-Reward Ratios:*
- *TP1:* 180 pips / 55 pips = *3.27:1* (strong).
- *TP2:* 340 pips / 55 pips = *6.18:1* (very aggressive).
*3. Key Levels & Context:*
- *SL Placement:* Above the recent high (191.20), invalidating the bearish setup if breached.
- *TP Logic:* TP1 and TP2 likely align with historical support levels or Fibonacci retracement zones.
*4. Position Sizing Example:*
Assume you risk *1% of a $10,000 account* ($100):
- *Pip Value (approx):* $6.56 per standard lot (GBPJPY at 190.65, GBPUSD at 1.25).
- *Risk per Trade:* $100 = (55 pips × $6.56 × Lots).
- *Lots Size:* $100 / (55 × $6.56) ≈ *0.28 lots* (28,000 units).
*5. Execution Tips:*
- *Partial Profit-Taking:* Close 50-70% at TP1, trail SL to breakeven.
- *Fundamental Watch:* Monitor BoJ interventions, UK data, or risk sentiment shifts (JPY is a safe haven).
*6. Visual Guide:*
[Imagine a chart with:]
- Price rejected at 191.20 resistance.
- Entry at 190.650, SL above the high.
- TP1 near a swing low (188.85), TP2 at a stronger support (187.25).
*Need a position size calculator or further chart details? Let me know!* 📉💡
*1. Trade Overview:*
- *Entry:* 191.050
- *Stop Loss (SL):* 191.800 (55 pips above entry)
- *Take Profit Targets:*
- *TP1:* 188.850 (180 pips)
- *TP2:* 187.250 (340 pips)
*2. Risk-Reward Ratios:*
- *TP1:* 180 pips / 55 pips = *3.27:1* (strong).
- *TP2:* 340 pips / 55 pips = *6.18:1* (very aggressive).
*3. Key Levels & Context:*
- *SL Placement:* Above the recent high (191.20), invalidating the bearish setup if breached.
- *TP Logic:* TP1 and TP2 likely align with historical support levels or Fibonacci retracement zones.
*4. Position Sizing Example:*
Assume you risk *1% of a $10,000 account* ($100):
- *Pip Value (approx):* $6.56 per standard lot (GBPJPY at 190.65, GBPUSD at 1.25).
- *Risk per Trade:* $100 = (55 pips × $6.56 × Lots).
- *Lots Size:* $100 / (55 × $6.56) ≈ *0.28 lots* (28,000 units).
*5. Execution Tips:*
- *Partial Profit-Taking:* Close 50-70% at TP1, trail SL to breakeven.
- *Fundamental Watch:* Monitor BoJ interventions, UK data, or risk sentiment shifts (JPY is a safe haven).
*6. Visual Guide:*
[Imagine a chart with:]
- Price rejected at 191.20 resistance.
- Entry at 190.650, SL above the high.
- TP1 near a swing low (188.85), TP2 at a stronger support (187.25).
*Need a position size calculator or further chart details? Let me know!* 📉💡
Trade active
Entry:* 191.050 trade active Trade closed: target reached
target done 187,000
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Gold Signal's with proper TP & SL for high profit opportunities..
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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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.