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British Pound / Japanese Yen
Short

Supply and Demand: GBP/JPY Short

By malaterafael
Updated
GBPJPY

Zone: Trendline break.
Stack: Weekly
4hr Pattern: Engulfing
Limit Order (Late of a few minutes from the candle close, price moved few more pips from the target price. :D )

Cons of taking the trade:
-SL/TP range Big
-Demand Zone on the way

Pros:
-All confirmations align.
-Strong Bearish 4hr candle
-Demand zone that might weaken the trade is a Non Fresh Zone. High probability of breaking.

Trade active
Trade active
STOP LOSS MOVED TO BREAK EVEN
Candlestick AnalysisMultiple Time Frame AnalysisSupply and Demand
malaterafael

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