GBPJPY H1: BEST Level to SHORT/HOLD +170 pips(SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. tagged as SHORT because 170 pips downside still remains. recommend to SHORT/HOLD IT.
🔸 Summary and potential trade setup ::: GBPJPY H1 chart review ::: currently range locked ::: SHORT/HOLD re-test of range lows ::: 170 pips downside remains ::: BEARS will target 138.10 ::: BEARS will take from here ::: expecting pullback / re-test of range lows ::: for now SHORT IT / MARKET SELL ::: TP BEARS +170 pips ::: recommend to SHORT/HOLD TP 138.10 ::: recommended strategy: SHORT/HOLD 138.10 ::: TP1 BEARS +170 pips ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 138.10 fresh demand zone ::: 140.30 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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