Short

gbpjpy

🔔 Trade Entry Recommendation:

Entry Zone: 198.70
This zone presents an ideal entry point for sell, as it lies just above a critical support area,

🛡 Stop Loss:

SL: 199.50
Placing the stop just below the support zone offers a favorable risk-reward ratio, while still allowing for normal price fluctuations.

🎯 Take Profit Targets:

TP1: 198.00
The first target is modest and offers a quick profit potential, ideal for short-term traders.

TP2: 197.50
This level represents a stronger resistance area, where partial profit-taking is recommended.

TP3: 197.000
A psychological round number and a historical price ceiling, which could act as a natural barrier.

Risk/Reward Analysis: This trade setup offers a solid risk-to-reward ratio. The entry and stop-loss are tightly aligned to minimize losses, while the profit targets provide ample upside potential.

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Ali_Explorer

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