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

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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.
Chart PatternsGBPJPYHarmonic PatternsTrend Analysis

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