20 Reason For short GBPJPY

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🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Extremely Bear, But Current Move is lower high
2 📆Monthly: Clear bull trend at monthly
3 📅Weekly: A strong Order block at the previous top after its price goes higher low
4 🕛Daily: A clean intra-bear trend take resistance at 1st higher low, and 3rd one is started

😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: high momentum candle /double top
7: 3 Volume: High volumes on bearish candles good for the bear
8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways
9: 5 Volatility measure Bollinger bands: Squeeze
10: 6 Strength ADX: Bears are gaining strength
11: 7 Sentiment ROC: GBP is much stronger than JPY, but the current move is resistant in the big time frame

✔️ Entry Time Frame: H4
12: Entry TF Structure: change of ch and the clear bearish trend is established
13: entry move: Impulse
14: Support resistance base: previous OB Gap opening
15: FIB: done

☑️ final comments: sell right now
16: 💡decision: sell
17: 🚀Entry: 166.840
18: ✋Stop losel:167.856
19: 🎯Take profit: 161..50
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 5 days

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