GBPJPY is moving inside a larger uptrend channel on the 1-hour chart.
Price had been consolidating in a clear trade zone near the recent highs.
That trade zone support has now broken with strong bearish momentum.
This breakdown signals a potential short-term structure shift.
Sellers are stepping in below the trade zone, rejecting further upside.
Bias turns bearish while price stays under this broken level.
We’re now looking for continuation lower within the channel.
Key downside target identified at 194.00, near channel support.
This aligns with previous reaction levels and demand zones.
Plan:
1.Watch for retests of the broken zone for short opportunities.
2.Manage entries and risk carefully inside the channel.
3.Expect downside flow toward 194.00 if momentum holds.
4.Price action confirms break of support, favoring a move lower.
Like, comment, share, and follow for more trading ideas.
Price had been consolidating in a clear trade zone near the recent highs.
That trade zone support has now broken with strong bearish momentum.
This breakdown signals a potential short-term structure shift.
Sellers are stepping in below the trade zone, rejecting further upside.
Bias turns bearish while price stays under this broken level.
We’re now looking for continuation lower within the channel.
Key downside target identified at 194.00, near channel support.
This aligns with previous reaction levels and demand zones.
Plan:
1.Watch for retests of the broken zone for short opportunities.
2.Manage entries and risk carefully inside the channel.
3.Expect downside flow toward 194.00 if momentum holds.
4.Price action confirms break of support, favoring a move lower.
Like, comment, share, and follow for more trading ideas.
Trade active
GBPJPY – Trade UpdateOur GBPJPY trade is now running 200+ pips in profit.
Congratulations to all my followers who are in this move!
Price action has delivered exactly as planned.
Plan:
1.Close half of your position to lock in profits.
2.Set stop loss to break even on the remaining trade.
3.Let the rest run with no risk for extra upside.
4.Stay disciplined and manage your trade carefully.
Like, comment, share, and follow for more trade updates.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProfessionalTrader
t.me/JosProfessionalTrader
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProfessionalTrader
t.me/JosProfessionalTrader
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.