Entry Zone: 198.70 This zone presents an ideal entry point for sell, as it lies just above a critical support area,
🛡 Stop Loss:
SL: 199.50 Placing the stop just below the support zone offers a favorable risk-reward ratio, while still allowing for normal price fluctuations.
🎯 Take Profit Targets:
TP1: 198.00 The first target is modest and offers a quick profit potential, ideal for short-term traders.
TP2: 197.50 This level represents a stronger resistance area, where partial profit-taking is recommended.
TP3: 197.000 A psychological round number and a historical price ceiling, which could act as a natural barrier.
Risk/Reward Analysis: This trade setup offers a solid risk-to-reward ratio. The entry and stop-loss are tightly aligned to minimize losses, while the profit targets provide ample upside potential.
GJ still playing around in that top range — structure bullish, but price ain’t made that real move yet. I’m watching that dancing money sitting in the middle of this 4H structure.
I need a clean sweep first, then that 30M OB to get touched. That’s my cue.
Once that hits, I’m posted on 5M, waiting on confirmations. Same plan — let Smart Money print the blueprint, I just step in where it makes sense.
5M highs are in sight, maybe 30M if price delivers strong. Until then, sniper in the grass.
GBPJPY for my own view, next week we will get more bullish, anyway this is not an signal, is my point of view cause last week GAP down we still never close, may be the bullish sign will start from now …. Anyway happy trading for everyone and good weekend … cheers
GBPJPY 🔔 Trade Entry Recommendation:
