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GBPJPY H2: BEST Level to SHORT/HOLD +150/+300 pips(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because 300 pips DUMP still
remains. recommend to SHORT/HOLD IT.
🔸 Summary and potential trade setup
::: GBPJPY H2 hour candle chart review
::: SPECULATIVE reversal trade setup
::: 160.00 RS DUMP heavy overhead resistance
::: DUMP in progress already
::: SHORT/HOLD at MARKET best strat
::: RS of the HS pattern setup
::: 300 pips downside remains
::: distribution in progress / TOPPED OUT
::: expecting fresh selling / DUMP
::: TP1 BEARS +150 TP2 BEARS +300 pips
::: final TP BEARS is 157 00 short MARKET NOW
::: recommended strategy: SHORT/HOLD MARKET
::: 160.00 heavy rejection new dump in progress now
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 160.50 fresh demand zone
::: 157.00 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/DUMP
::: Sentiment outlook mid-term: BEARS/DUMP
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.