🧩 GBP/JPY Swing Short Setup
📍 Entry:
Sell Limit: 194.75
🛡️ Stop Loss (Above Resistance Wick):
SL: 196.20
→ Covers minor breakout/fakeout above 195 zone while protecting against invalidation
🎯 Take Profits:
TP1: 190.00
(Structure floor + first major reaction zone)
TP2: 185.00
(Clean horizontal support and demand zone)
TP3 (Swing Target): 180.00
(Large macro target — monthly structure retest)
🧠 Rationale Recap:
Price is consolidating just under multi-year resistance (195–200)
Fundamentals align: GBP weakening, JPY strengthening in risk-off environment
Strong R:R, clean rejection zone, and macro pressure potential
📍 Entry:
Sell Limit: 194.75
🛡️ Stop Loss (Above Resistance Wick):
SL: 196.20
→ Covers minor breakout/fakeout above 195 zone while protecting against invalidation
🎯 Take Profits:
TP1: 190.00
(Structure floor + first major reaction zone)
TP2: 185.00
(Clean horizontal support and demand zone)
TP3 (Swing Target): 180.00
(Large macro target — monthly structure retest)
🧠 Rationale Recap:
Price is consolidating just under multi-year resistance (195–200)
Fundamentals align: GBP weakening, JPY strengthening in risk-off environment
Strong R:R, clean rejection zone, and macro pressure potential
Order cancelled
Didnt retrace to entry
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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.