SMC BASED MODEL

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SMC BASED MODELBritish Pound/Japanese YenFX:GBPJPYCASHROLLTRADESLIVEMarket Overview & Setup Breakdown Pair and Timeframe: GBP/JPY on the 4-Hour (4H) timeframe. Market Structure: The market recently experienced a sharp bearish displacement heading into May, sweeping external liquidity and establishing a clean structural high. The POI (Point of Interest): A prominent 4H Bearish Order Block has been identified at the premium of the current range, falling roughly between the 215.462 and 216.000 psychological levels. Trading Setup (Short Opportunity): Entry: Price is currently retracing upward to mitigate the identified 4H Order Block. The plan anticipates a short entry upon mitigation of this zone. Stop Loss (SL): Positioned just above the institutional supply zone (around 216.500) to invalidate the setup if structure breaks bullish. Take Profit (TP): Targeted at the major sell-side liquidity pool/swing low around 210.421, offering a highly favorable risk-to-reward ratio.