Bearish Structure - Liquidity(Inducement) - Breaker Block
GBP/JPY Bearish Reversal Trade – Smart Entry on M15
1. Market Overview
The GBP/JPY pair recently showed signs of weakness after an extended bullish move. Price approached a major resistance zone on the higher timeframe, and the 15-minute chart began forming lower highs, signaling a potential reversal. This shift indicated sellers were gaining control after liquidity was grabbed above the previous high.
2. Trade Setup
• Entry Type: Sell (Short Position)
• Entry Zone: Closest Breaker Block to the Inducement.
• Stop Loss (SL): Placed covers the entire block.
• Take Profit (TP): Targeted the next major demand zone, aligning with the overall bearish bias.
This setup allow a precise entry with a tight stop loss, maximizing the potential reward.
3. Technical Insights
• Break of Structure: The initial bearish impulse confirmed sellers stepping in
• Supply Zone Respect: Price rejected from the identified order block
• Entry Confirmation: Rejection candle and bearish engulfing provided a high-probability signal
Summary:
GBPJPY | 15M – Bearish reversal trade after BOS and Inducement. Breaker Block Entry
Your thoughts? Share in the comments!
GBP/JPY Bearish Reversal Trade – Smart Entry on M15
1. Market Overview
The GBP/JPY pair recently showed signs of weakness after an extended bullish move. Price approached a major resistance zone on the higher timeframe, and the 15-minute chart began forming lower highs, signaling a potential reversal. This shift indicated sellers were gaining control after liquidity was grabbed above the previous high.
2. Trade Setup
• Entry Type: Sell (Short Position)
• Entry Zone: Closest Breaker Block to the Inducement.
• Stop Loss (SL): Placed covers the entire block.
• Take Profit (TP): Targeted the next major demand zone, aligning with the overall bearish bias.
This setup allow a precise entry with a tight stop loss, maximizing the potential reward.
3. Technical Insights
• Break of Structure: The initial bearish impulse confirmed sellers stepping in
• Supply Zone Respect: Price rejected from the identified order block
• Entry Confirmation: Rejection candle and bearish engulfing provided a high-probability signal
Summary:
GBPJPY | 15M – Bearish reversal trade after BOS and Inducement. Breaker Block Entry
Your thoughts? Share in the comments!
Trade closed: stop reached
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.