GBPJPY H4: +400 pips already / congrats traders! (REPLAY/RECAP)

2022年3月7日

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GBPJPY H4: +400 pips already / congrats traders! (REPLAY/RECAP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT since we are locked inside range with bearish BIAS.

🔸 Summary and potential trade setup
::: GBPJPY 4hours/candle chart review
::: original setup posted on FEB 14th
::: already running at +400 pips
::: congrats if you followed the trade
::: click play to replay original idea below
::: locked inside trading range
::: entire year in 2021 / still here
::: revised/updated outlook
::: REVISED/UPDATED to BEARISH OUTLOOK
::: short-term more losses
::: targeting 151 000 and below
::: retail positioning in GBPJPY
::: favors more short-term losses now
::: 3 000 std lots short vs
::: 8 000 lots long
::: expecting LONG SQUEEZE soon
::: exactly same pattern as
::: summer/autumn 2021
::: lower risk / recommended strategy
::: SHORT IT / SHORT RIPS/BOUNCES
::: FINAL TP BEARS is 150 00 +400 pips
::: chart looks good but slow price action
::: patience required if you want to make money
::: recommend to focus on swings only don't
::: try to trade this intraday
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 150 00 fresh demand zone
::: 156 50 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: MIXED/RANGE/BULLS
::: Sentiment outlook mid-term: BEARS/REVERSAL

RISK DISCLAIMER:
Trading Crypto, 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.