GBPJPY SHORT ZONE GBP/JPYOANDA:GBPJPYExpert_Travis GBP/JPY pair, a short (sell) trade analysis Here's a breakdown of the key elements and the trading strategy implied by the chart: 📈 Technical Analysis Breakdown 1. Pattern Recognition: Double Top Resistance The chart highlights a Double Top Resistance pattern forming near the price level of 203.688. * A Double Top is a bearish reversal pattern that occurs after an uptrend, signifying that the upward momentum is likely exhausted. It consists of two consecutive peaks (tops) that are roughly equal, with a moderate trough in between. 2. Structure Break: BOS (Break of Structure) The label BOS (Break of Structure) points to a move that confirms the shift in market momentum from bullish to bearish. In this context, the BOS likely refers to the price breaking below a recent swing low or a minor support level within the pattern, which provides a strong signal that the sellers have taken control and the price is headed down. 3. Entry Point The suggested Entry Point is placed right around the Double Top Resistance area, specifically after the BOS confirmation. The price is currently near 203.572 (SELL), which is the anticipated entry zone after the market tested resistance and showed weakness. 📉 Implied Trade Strategy Trade Type: SELL / SHORT Reasoning: The combination of a bearish Double Top reversal pattern and a Break of Structure (BOS) suggests that the pair is likely to reverse its recent upward movement and decline. Potential Targets: The two downward arrows indicate possible Take Profit targets, which appear to be recent support levels or liquidity zones, potentially around 201.000 and 199.000. This analysis is based on Smart Money Concepts (SMC) and classic price action principles, using the Double Top and Structure Break to identify a high-probability reversal. Would you like me to elaborate on the concepts of Double Top or Break of Structure?