📉 GBP/JPY 1H Analysis & Trade Plan
🔻 Bearish Channel in Play
Price is moving within a descending channel, rejecting key Fibonacci levels.
Supply Zone at 189.608 - 190.360 (strong resistance).
Price may test this zone before continuing the bearish move.
📊 Bearish Scenario:
1️⃣ A small pullback to 188.618 - 189.042 (FVG + Fib 0.618 - 0.786).
2️⃣ A drop toward 187.504, followed by further declines.
3️⃣ Next key support levels: 185.929 and 184.428 (final target).
💡 Trading Plan:
✅ Look for rejection at resistance before shorting.
✅ Confirmation: Break of 187.504 = Strong bearish continuation.
🚀 Bulls need to reclaim 190.360 to shift bias.
#FXFOREVER #GBPJPY #ForexTrading #SmartMoney #PriceAction #Fibonacci
Redington India Ltd
CMP 231
Almost at crucial breakout zone
Tested 5 times resistance zone
Strong volume
Hello Guys, Wish you a Very Happy Valentines Week.
a Quick update on Bitcoin, i do not see any upward positive rally for next few weeks , my direction and target for the same is below $90,000.. a setup with entry stoploss and target is placed in the charts.
good luck and good trading :)
LINKUSDT Is moving in a downward channel so I think if it breaks it we can see a good move towards down
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
