GPYJPY - 4H - Downtrend - SELL SET UPBritish Pound/Japanese YenFX:GBPJPYonelinkFXPAIR: GBPJPY TIMEFRAME: 4H What the Chart is Showing Price is currently breaking DOWN from the 201.00 support zone. Momentum is bearish, with strong red candles and no sign of reversal yet. Next major support below is around 199.05 – 199.20 zone. Stochastic is currently oversold, meaning price could pull back soon, but oversold does NOT mean reversal. It means we wait for the pullback to SELL again. Key Levels LevelType 204.00Major resistance 201.95Previous support → now likely resistance 201.00Broken support (psychological) 199.05 – 199.20Next target support / TP zone Trading Plan (Best Setup) We do NOT sell at the bottom (where price is now). We wait for price to RETEST the broken support → 201.00 – 201.95 zone. Sell Setup Sell Limit: 201.30 – 201.90 (wait for pullback) Stop Loss: 202.40 (above last lower high) Take Profit 1: 200.00 Take Profit 2: 199.20 (major support) Risk–Reward: Good (1:2 to 1:3) Chart Logic Explanation Price broke structure below 201.00 → confirms downtrend continuation. We sell at resistance, not at current price. RSI/Stoch oversold = not time to enter yet → wait for price to breathe back. If You Want to Buy (Counter-Trend) Not recommended for swing, but acceptable for short scalps only. Buy: 199.20 – 199.50 SL: 198.70 TP: 200.50 This is just a reaction bounce, not a trend reversal. Conclusion Right now: Trend = Bearish Best trade = Wait and Sell Pullback No buying until price hits 199 zone So the clean setup: Sell Limit @ 201.30 – 201.90 SL 202.40 TP 199.20 📌 If price does NOT pull back If candles continue straight down to 199.20, do nothing. Wait again for a new pullback before entering. No chasing.