GBP / JPY SHORT

53
WAITING FOR A BOS ON LOWER TIME FRAME BEFORE ENTERING

📉 GBP/JPY 1H Short Trade Summary
Bias: Bearish
Entry Type: Supply rejection after internal structure shift (CHoCH & BOS)

🧠 Trade Narrative:
Price broke down from a previous bullish structure, forming a clear CHoCH followed by a BOS, confirming a bearish shift. A premium pullback into a 1H supply zone aligned with a Fair Value Gap (FVG), offering an ideal entry point.

🔹 Entry:
Short taken from the 1H supply/FVG zone rejection (gray and blue zone).

🔹 Confluences:

Internal BOS + CHoCH

Entry within premium zone of range

Rejection from supply + 1H FVG

Bearish market structure

Liquidity sweep before entry

🎯 Targets:

TP1: Mid-range (0.5) and FVG fill — first partial

TP2: Full range discount (0) for full take profit

🛑 Stop Loss:
Above the supply zone, protecting against a structural invalidation



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