GBPJPY short - Head and Shoulder - Update (Banks, Stop Hunting)

Hello Traders!

Supply Demand:
Quick Update on GBPJPY. We got a break of the Support Level and Price pushed down. Now the price went up and it grabbed some liquidity from the h4 Supply Zones in order to get a deeper push to the downside. Me personally I do not like to trade break outs. I like it more when the price retrace after a breakout to grab more liquidity from S&D zones. This are the best entries. This are typically banks moves for stop hunting. Retail Traders thinks at such movements that the market reverses, but the intention of the move to hit their SL. Important is to trade with confirmation. To see if the S&D Zones are valid. This way you are safe from fake breakouts and you have the best entry.


That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.