"GBP/JPY Short Trade Analysis – Successful Take Profit ExecutionThis is a GBP/JPY (British Pound/Japanese Yen) 1-hour chart from TradingView, showing a short trade setup with take profit (TP) levels and stop loss.
Key Observations:
Entry Point (Red Arrow)
The trader appears to have entered a sell (short) position at a resistance level, marked by the red arrow.
Price was likely rejected at this level, signaling a potential downward move.
Stop Loss (Red Box - Upper Zone)
The stop loss is placed above the entry point, at 192.386.
If the price moves above this level, the trade will be closed at a loss.
Take Profit Levels (Blue Lines)
TP1 (~190.750): First target for partial profit-taking.
TP2 (~190.000): Second target for further downside move.
Final TP (~189.275): If the price reaches this level, the trade will be fully closed in profit.
Trade Outcome
The chart annotation suggests that all TP levels were hit, meaning the price successfully moved downward after entry.
The trader made a successful short trade and secured profits.
Market Structure & Strategy:
The price initially moved up, but failed to break resistance, leading to a bearish rejection.
The trader likely identified this as a liquidity grab or false breakout, then entered a short position.
The price dropped and hit all take profit levels, confirming the trade's success.
Conclusion:
This was a well-planned short trade with proper risk management.
The risk-to-reward ratio looks good, with potential reward outweighing risk.
The trade was executed based on technical levels (support/resistance) and price action.
