GBPJPY 200 PIPS TRADE SIGNAL

📊 Market Structure & Key Zones:
P R E M I U M G R O U P
STAR 9 2 3 1 0 5 3 9 6 7 3 1
Recent Downtrend:
Wait for price to retrace to my levels than wait for selling confirmation and short with proper R:R Mentioned in Chart
The price has been in a strong bearish trend, forming lower highs and lower lows.
A previous low has been marked, indicating a potential liquidity grab before a further drop.
Key Resistance & Supply Zone:

1H Order Block (OB) at 189.98 - 190.48:
This zone is expected to act as a strong resistance level where sellers can step in.
If price retraces into this zone, it presents an ideal shorting opportunity.
Trade Setup (Sell Entry Strategy):

Entry Zone: 189.48 - 190.48 (Order Block & Resistance Zone)
Stop Loss (SL): Above 190.48 (to avoid fakeouts & liquidity sweeps)
Take Profit (TP) Levels:
First Target: 188.14 (previous low)
Final Target: 186.87 - 186.83 (next demand zone)
Bearish Confirmation:

Look for a rejection in the 190.48 supply zone with a break of structure (BOS) on a lower timeframe (M15/M5).
A bearish engulfing candle or strong wick rejection can act as an entry trigger.
🔔 GBP/JPY Trade Idea Summary:
✅ Sell Entry: 189.48 - 190.48 (1H Order Block)
✅ Stop Loss: Above 190.48
✅ Take Profit: 188.14 → 186.87 → 186.83
✅ Confirmation: Bearish reaction at supply zone

📉 Overall Bias: Bearish, expecting price to break previous lows and continue the downtrend.