GBPJPY opportunity for Short.

The chart shows the price action of the British Pound (GBP) against the Japanese Yen (JPY) on a 1-hour timeframe. Here's a detailed analysis:
Current Price:
The current market price is 192.245, as indicated in the top center of the chart.
Key Zones:
Entry Zone (Sell Zone): Highlighted in red, this area is marked between 192.970 and approximately 194.645. The analysis suggests looking for potential sell entries if the price enters this zone.
Target Zones (Take Profit Levels):
TP1 (Target 1): 191.720.
TP2 (Target 2): 190.714.
TP3 (Target 3): 189.534.
Price Movement Projection:
The chart predicts a potential rise into the "Entry Zone" followed by a reversal, indicating a bearish movement.
The expected bearish trend includes several pullbacks (retracements) before achieving the lower targets (TP1, TP2, TP3).
Trend:
The market appears to be in an uptrend leading up to the entry zone, but the projection suggests a potential shift to a downtrend.
This could be a counter-trend trade strategy based on resistance levels.
Structure:
The chart has horizontal lines acting as significant support and resistance levels:
Resistance at 192.970 and 194.645.
Support at 191.720, 190.714, and 189.534.
Trading Plan:
Sell Setup: Look for bearish confirmations (like rejection candles or bearish engulfing patterns) in the "Entry Zone."
Stop Loss: Likely above the top of the "Entry Zone" (approximately 194.645).
Risk/Reward: The distance between the entry zone and TP3 indicates a favorable risk-to-reward ratio.
Indicators and Tools:
The chart does not explicitly show additional indicators (like moving averages, RSI, or MACD), relying instead on price action and key levels.
This setup is a speculative bearish trade idea, dependent on the price entering the designated zone and showing signs of reversal.