Trading Idea Update: GBP/JPY 15M - Bearish Setup After Liquidity
In this updated analysis of the GBP/JPY 15-minute chart, we continue refining the bearish trade idea using ICT (Inner Circle Trader) concepts. The chart shows further development, with key liquidity levels now cleared, and we are awaiting a potential entry model. Here's the breakdown:
Liquidity Clearance
The Buy-Side Liquidity (BSL) marked on the chart has been cleared, as price spiked above previous highs, grabbing liquidity from retail traders’ stop-losses. This is a key event in ICT methodology, where smart money hunts for liquidity before reversing the market.
Fair Value Gap (FVG) Mitigation
Price has now entered the Fair Value Gap (FVG) zone, highlighted in green. This zone represents an imbalance in price action, where price is expected to mitigate and potentially reverse. The FVG aligns with a higher time-frame premium pricing zone, which adds confluence to a possible bearish reversal from this level.
Asian Session Confluence
We also see an Asian session high marked, which aligns with the current liquidity grab. This adds an additional layer of confluence, as the market often targets liquidity generated during the Asian session before making larger moves during the London or New York sessions.
Awaiting Bearish Entry Model
At this point, we are waiting for a bearish entry model within the FVG zone. This could include a lower time-frame Change of Character (CHOCH), a Break of Market Structure (BMS), or any other ICT entry confirmation, such as a rejection from a bearish Order Block. Patience is critical here, as we await confirmation that smart money has completed its liquidity hunt and is ready to drive prices lower.
Bearish Bias and Continuation
Once the entry model is confirmed, we expect a bearish continuation in line with the overall market structure. The liquidity grab and FVG mitigation make this a high-probability area for entering short trades.
Execution Plan
Entry: Await confirmation of a bearish entry model after FVG mitigation (e.g., CHOCH, BMS).
Stop Loss: Consider placing stops above the liquidity high at 197.000 to protect against further liquidity grabs.
Take Profit: Initial target at previous lows around 195.500, with the potential for extended targets towards 194.500 or lower, depending on market structure.
Summary
This updated setup offers a high-probability short trade following the clearance of buy-side liquidity. With price now mitigating the FVG, we are awaiting a bearish entry model for confirmation. The confluence of the liquidity grab, FVG mitigation, and Asian session liquidity makes this a strong potential reversal zone.
Liquidity Clearance
The Buy-Side Liquidity (BSL) marked on the chart has been cleared, as price spiked above previous highs, grabbing liquidity from retail traders’ stop-losses. This is a key event in ICT methodology, where smart money hunts for liquidity before reversing the market.
Fair Value Gap (FVG) Mitigation
Price has now entered the Fair Value Gap (FVG) zone, highlighted in green. This zone represents an imbalance in price action, where price is expected to mitigate and potentially reverse. The FVG aligns with a higher time-frame premium pricing zone, which adds confluence to a possible bearish reversal from this level.
Asian Session Confluence
We also see an Asian session high marked, which aligns with the current liquidity grab. This adds an additional layer of confluence, as the market often targets liquidity generated during the Asian session before making larger moves during the London or New York sessions.
Awaiting Bearish Entry Model
At this point, we are waiting for a bearish entry model within the FVG zone. This could include a lower time-frame Change of Character (CHOCH), a Break of Market Structure (BMS), or any other ICT entry confirmation, such as a rejection from a bearish Order Block. Patience is critical here, as we await confirmation that smart money has completed its liquidity hunt and is ready to drive prices lower.
Bearish Bias and Continuation
Once the entry model is confirmed, we expect a bearish continuation in line with the overall market structure. The liquidity grab and FVG mitigation make this a high-probability area for entering short trades.
Execution Plan
Entry: Await confirmation of a bearish entry model after FVG mitigation (e.g., CHOCH, BMS).
Stop Loss: Consider placing stops above the liquidity high at 197.000 to protect against further liquidity grabs.
Take Profit: Initial target at previous lows around 195.500, with the potential for extended targets towards 194.500 or lower, depending on market structure.
Summary
This updated setup offers a high-probability short trade following the clearance of buy-side liquidity. With price now mitigating the FVG, we are awaiting a bearish entry model for confirmation. The confluence of the liquidity grab, FVG mitigation, and Asian session liquidity makes this a strong potential reversal zone.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.