GBP/JPY Trade Setup – Supply & Demand Zones Smart Money Concept
Analysis Overview
The price is in a clear downtrend, forming lower highs and lower lows. A strong supply zone (red) around 190.514 acted as a resistance, leading to a sharp rejection and further downside movement.
Key Levels:
🔴 Supply Zone: 189.800 - 190.500 (previous area of institutional sell orders)
🔵 Demand Zone: 188.000 - 188.300 (potential liquidity grab)
🟢 Entry Confirmation: A small consolidation before a bullish retracement.
Trade Setup:
Entry: Based on rejection from demand zone (188.000-188.300)
Stop Loss: Below 188.018 (previous low)
Take Profit: 190.514 (previous resistance)
📌 Market Bias: Bearish until price breaks above the supply zone. A retest of the demand zone could lead to a short-term bullish retracement before continuing the downtrend.
⚠️ Disclaimer: This is for educational purposes only. Trade with proper risk management! 🚀
The price is in a clear downtrend, forming lower highs and lower lows. A strong supply zone (red) around 190.514 acted as a resistance, leading to a sharp rejection and further downside movement.
Key Levels:
🔴 Supply Zone: 189.800 - 190.500 (previous area of institutional sell orders)
🔵 Demand Zone: 188.000 - 188.300 (potential liquidity grab)
🟢 Entry Confirmation: A small consolidation before a bullish retracement.
Trade Setup:
Entry: Based on rejection from demand zone (188.000-188.300)
Stop Loss: Below 188.018 (previous low)
Take Profit: 190.514 (previous resistance)
📌 Market Bias: Bearish until price breaks above the supply zone. A retest of the demand zone could lead to a short-term bullish retracement before continuing the downtrend.
⚠️ Disclaimer: This is for educational purposes only. Trade with proper risk management! 🚀
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.
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.