GBP/JPY Sell Alert: Double Top Confirmation & Bearish Trend 📉 GBP/JPY Sell Trade Analysis
**Trade Setup Details:**
- **Sell Entry:** **189.500**
- **Stop Loss:** **Above 190.300**
- **Take Profit Targets:**
- **TP1:** **189.000** (+50 pips)
- **TP2:** **188.600** (+90 pips)
- **TP3:** **188.300** (final target, +120 pips)
- **Resistance Level:** **189.900**
#### **Technical Analysis Breakdown:**
1. **Double Top Pattern at 190.300:**
- This is a **bearish reversal pattern**, meaning the price tried to break above **190.300** twice but failed.
- It confirms a potential downtrend as sellers step in.
2. **EMA50 Trend Confirmation:**
- The price is moving **below EMA50**, which signals a strong **bearish trend**.
- This supports the idea that sellers are in control.
3. **Resistance Level at 189.900:**
- If price retests this level and **fails to break above**, it confirms further downside potential.
- If price **breaks above 190.300**, it invalidates the sell setup, and **risk management must be applied**.
#### ** Risk Management & Trade Execution:* *
- **Stop Loss Placement:** Above **190.300**, which is the double top resistance. If price breaks above this level, it indicates bullish momentum.
- **Risk-to-Reward Ratio (RRR):**
- TP1: **1:1** (Risk 50 pips for 50 pips gain)
- TP2: **1:1.8** (Risk 50 pips for 90 pips gain)
- TP3: **1:2.4** (Risk 50 pips for 120 pips gain)
### **Conclusion:**
This sell trade is based on a strong **bearish double top pattern** and **EMA50 trend confirmation**. The **189.900 resistance level** is key—if the price stays below it, the trade remains valid. However, if price **breaks 190.300**, it invalidates the setup, and stop-loss protection should be used.
**📊 Monitor price action, stick to your plan, and manage risk carefully!** 🚀🔥
