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GBPJPY H4: BEST Level to SHORT/HOLD +200/+400 pips(SL/TP)(SWING)

Short
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY H4: BEST Level to SHORT/HOLD +200/+400 pips(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because 200/400 pips downside still
remains. recommend to SHORT/HOLD IT.


🔸 Summary and potential trade setup
::: GBPJPY H4 chart review
::: currently range locked
::: SHORT/HOLD re-test of range lows
::: 200/400 pips downside remains
::: BEARS will target 136.80/137.00
::: BEARS will take from here
::: expecting pullback / re-test of range lows
::: for now SHORT IT / MARKET SELL
::: TP BEARS +200/+400 pips
::: recommend to SHORT/HOLD TP 136.80/137.00
::: recommended strategy: SHORT/HOLD 136.80/137.00
::: TP1 BEARS +200/+400 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 136.80/137.00 fresh demand zone
::: 141.00 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: MIXED/RANGE

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