Current Structure (GBP/JPY 30min):
4H Supply Zone at 191.600–191.760 → Price already rejected from there.
Minor 1H Demand Zone at current price (~191.167) → price is consolidating around it.
4H Demand Zone at 190.132–190.054 → your lower target zone.
EMA Setup: 9 EMA and 50 EMA are starting to "squeeze," signaling a possible break soon.
Entry:
Watch for a clean break and retest below 191.150 (and minor demand zone break).
Stop Loss (SL):
Above the minor structure highs, around 191.400.
Take Profit (TP):
First TP at 190.400 (partial close).
Final TP at 190.132–190.054 (your 4H demand zone and daily support).
4H Supply Zone at 191.600–191.760 → Price already rejected from there.
Minor 1H Demand Zone at current price (~191.167) → price is consolidating around it.
4H Demand Zone at 190.132–190.054 → your lower target zone.
EMA Setup: 9 EMA and 50 EMA are starting to "squeeze," signaling a possible break soon.
Entry:
Watch for a clean break and retest below 191.150 (and minor demand zone break).
Stop Loss (SL):
Above the minor structure highs, around 191.400.
Take Profit (TP):
First TP at 190.400 (partial close).
Final TP at 190.132–190.054 (your 4H demand zone and daily support).
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.