British Pound / Japanese Yen
Short
Updated

GBPJPY – Sell Setup High-Probability Reversal Trade

351
🔥 Trade Setup
Entry: 215.854
Stop Loss: 34 pips
Take Profit: 70.7 pips
Risk–Reward: ≈ 1:2.07 (solid RRR)

🎯 Target Explanation
TP aligns with:
Next clean liquidity zone
Previous structure imbalance
Fair value gap area

🛡️ Stop Loss Justification
SL sits safely above:
Liquidity sweep
Supply zone high
Recent candle structure

📌 Bias: SELL

GBPJPY has tapped into a premium zone, reacting strongly from previously identified supply.
Price is showing exhaustion after sweeping liquidity above recent highs.

🧠 Reasoning
Price entered a higher-timeframe supply zone and rejected.
Clear liquidity grab above the previous swing high.
Strong bearish reaction showing displacement.
Market is likely to retrace back toward equilibrium / demand below.
Trade closed: target reached
closed at 1:2

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.