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
📉 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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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.
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.