### **GBP/USD Short Trade Idea**
**🎯 Pattern:** Head-and-Shoulders (H&S) confirmed by:
- **Price Action:** Neckline retest at **1.3260** (Key Support → Resistance if broken).
- **MACD:** Bearish crossover below **0-line** (Momentum shift).
**⚡ Entry:** Sell on **daily/4H close below 1.3260** (Avoid fakeouts).
**✋ Stop Loss:** **1.3320** (Above recent swing high).
**✅ Take Profit:** **1.3160** (1:2 R/R).
**❗ Critical Filter:** Wait for **MACD to fully cross 0-line** + **strong bearish candle** (e.g., engulfing).
---
### **Why This Works**
1. **H&S Target:** Measured move from head (1.3300+) projects ~100 pips to **1.3160**.
2. **MACD Confirmation:** Cross below 0-line signals bearish regime.
### **If Wrong?**
- Price reclaims **1.3300** → Invalidates H&S (false breakdown).
**Optional:** Add a **breakeven stop** at 1.3220 after 50 pips down.
---
Let me know if you want adjustments (e.g., shorter timeframes, confluences like RSI divergence).
**🎯 Pattern:** Head-and-Shoulders (H&S) confirmed by:
- **Price Action:** Neckline retest at **1.3260** (Key Support → Resistance if broken).
- **MACD:** Bearish crossover below **0-line** (Momentum shift).
**⚡ Entry:** Sell on **daily/4H close below 1.3260** (Avoid fakeouts).
**✋ Stop Loss:** **1.3320** (Above recent swing high).
**✅ Take Profit:** **1.3160** (1:2 R/R).
**❗ Critical Filter:** Wait for **MACD to fully cross 0-line** + **strong bearish candle** (e.g., engulfing).
---
### **Why This Works**
1. **H&S Target:** Measured move from head (1.3300+) projects ~100 pips to **1.3160**.
2. **MACD Confirmation:** Cross below 0-line signals bearish regime.
### **If Wrong?**
- Price reclaims **1.3300** → Invalidates H&S (false breakdown).
**Optional:** Add a **breakeven stop** at 1.3220 after 50 pips down.
---
Let me know if you want adjustments (e.g., shorter timeframes, confluences like RSI divergence).
Trade active
trade activeNote
GBP/USD sell running 120 pips keep holdTrade closed: target reached
target done
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Gold Signal's with proper TP & SL for high profit opportunities..
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.