British Pound / Japanese Yen forum

Entry Zone: 198.70
This zone presents an ideal entry point for sell, as it lies just above a critical support area,
🛡 Stop Loss:
SL: 199.50
Placing the stop just below the support zone offers a favorable risk-reward ratio, while still allowing for normal price fluctuations.
🎯 Take Profit Targets:
TP1: 198.00
The first target is modest and offers a quick profit potential, ideal for short-term traders.
TP2: 197.50
This level represents a stronger resistance area, where partial profit-taking is recommended.
TP3: 197.000
A psychological round number and a historical price ceiling, which could act as a natural barrier.
Risk/Reward Analysis: This trade setup offers a solid risk-to-reward ratio. The entry and stop-loss are tightly aligned to minimize losses, while the profit targets provide ample upside potential.

Speak My Mind – GBPJPY
GJ still playing around in that top range — structure bullish, but price ain’t made that real move yet. I’m watching that dancing money sitting in the middle of this 4H structure.
I need a clean sweep first, then that 30M OB to get touched. That’s my cue.
Once that hits, I’m posted on 5M, waiting on confirmations. Same plan — let Smart Money print the blueprint, I just step in where it makes sense.
5M highs are in sight, maybe 30M if price delivers strong. Until then, sniper in the grass.

Entry Point: Around 198.650 TO 198.550
Take Profit 1: 199.050
Take Profit 2: 199.500
Last Target: 199.900
Stop Loss: 198.050