GBPJPY short - Supply Demand - h4 (overall structure, Trend, ..)

Hello Traders!

Thanks for the huge engagement on the last GBPJPY Video Analysis. We have seen how the price moved down again like expected and cheers to all who could take advantage of it and some nice profits.

I am back with an update on GJ. We could see a nice h4 Supply Zone again. Price went up and boom. Dropped again down. Now for those who did not seen the new Supply Zone I would wait for a new entry possibility. Therefore I marked two possible scenarios.

#1 Price will break the current demand zone, retest and drop
#2 Price will go up from the Demand Zone. I can't tell you how big the move can be. Because the Supply Zone was not a strong one. Therefore it is risky to enter at the Supply Zone. But we could see price going up to the Resistance Line. Fake Out a little bit to hunt some stops and then to drop down.

Therefore watch on both scenarios Price Action and then entry.

Why short?
Overall structure guys. Watch the video everything is pretty detailed explained why GJ should drop. I expect a huge drop. You can swing trade this.
We had on GJ a huge drop before and then it made a corrective move. After such a corrective move we can expect drop again. Simply follow the trend guys.


That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.

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