Shorting GJ from POI
Based on my analysis, I anticipate GBP/JPY (GJ) to clear the liquidity at the top before resuming its descent toward my target profit (TP). This expectation aligns with the higher time frame (HTF) structure, which suggests a significant bearish move. To manage risk effectively, I am limiting my exposure to 0.5% of my trading account on this setup. The trade thesis is grounded in the premise that the pair will first attract liquidity above key levels before continuing its larger downward trend.
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.