Beautiful selling setup for GJ

24 Kas

GBP/JPY currency pair on a 4-hour timeframe, showcasing a bearish market structure. The chart highlights a "Change of Character" (ChoCh) signaling a potential shift to a bearish trend. A key selling zone is marked near the 194.30 level, with a stop-loss (SL) placed slightly above this zone to manage risk. The identified target lies significantly lower, around the 189.00 level, indicating a potential downside move. The setup suggests a short-selling opportunity within the highlighted zone, aligning with the bearish trend confirmation. Traders may find this setup useful for analyzing potential risk-reward scenarios in the market