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GBPJPY H4: BEST Level to SHORT/HOLD +250/+350 pips(SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. tagged as SHORT because 350 pips DUMP still remains. recommend to SHORT/HOLD IT.
🔸 Summary and potential trade setup ::: GBPJPY H4 hour candle chart review ::: SPECULATIVE reversal trade setup ::: 159.50 RS DUMP heavy overhead resistance ::: DUMP in progress already ::: SHORT/HOLD rips/rallies after BOUNCE ::: ongoing distribution in progress ::: 350/450 pips downside remains ::: distribution in progress / TOPPED OUT ::: expecting fresh selling / DUMP ::: TP1 BEARS +250 TP2 BEARS +350 pips ::: final TP BEARS is 154 00 short rips/rallies ::: recommended strategy: SHORT/HOLD near 159.50 ::: 159.50 heavy rejection new dump in progress now ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 154.00 fresh demand zone ::: 159.50 fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS/BOUNCE/WEAK ::: Sentiment outlook mid-term: BEARS/DUMP/STRONG
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GBPNZD H4: BEST Level to BUY/HOLD +250/+350 pips(SL/TP)(SWING)
It can drop from 159...
Thanks