gbpjpy h4 distribution short from premium price

٨ مارس ٢٠٢٣

gbpjpy 4hour chart review. currently trading in well defined
range expecting more gains short-term. range is defined
by range lows at 158.75 and range highs at 165.60.
premium prices at 168.20/170.00 and 156.50/154.50.
Bulls maintain short-term advantage since reversal
off premium prices. however, bears will take over from
overhead, so look to short sell near 168.20 using SL 80 pips
tp1 bears is +240 pips tp2 bears is +480 pips, conservative
targets, however keep in mind this is a swing trade setup
so will take time to hit tp1/tp2 targets.

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