Price is currently reacting to a well-defined resistance zone (labeled "R.S"), aligning with previous structure highs. After a strong bullish move, GBP/USD is now showing signs of hesitation around this area. The marked support zone below could act as the next target if bearish momentum continues.
The risk-to-reward setup is clearly outlined, with a potential downside move aligning with recent market behavior and volume dynamics.
**Highlights:**
* Clear rejection from a prior resistance level.
* Price action forming a possible reversal structure.
* Strong volume confirmation during the prior push lower.
* Favorable risk management zone shown on chart.
Traders watching for confirmation can look for bearish signals or patterns on lower timeframes.
What’s your view? Are we heading back to support?
\#GBPUSD #Forex #PriceAction #ChartAnalysis #TechnicalOutlook #SupportAndResistance
The risk-to-reward setup is clearly outlined, with a potential downside move aligning with recent market behavior and volume dynamics.
**Highlights:**
* Clear rejection from a prior resistance level.
* Price action forming a possible reversal structure.
* Strong volume confirmation during the prior push lower.
* Favorable risk management zone shown on chart.
Traders watching for confirmation can look for bearish signals or patterns on lower timeframes.
What’s your view? Are we heading back to support?
\#GBPUSD #Forex #PriceAction #ChartAnalysis #TechnicalOutlook #SupportAndResistance
Trade active
Chart Status: GBP/USD (4H)*** **Price:** 1.33440
* **Trend Context:** Recent bullish recovery after a sharp drop.
* **Key Resistance Zone (R.S):** \~1.33500–1.33650
* Price is testing this zone and showing signs of rejection.
* **Support Zone:** \~1.31600–1.31900
* A previously respected area of buying interest.
* **Risk Management Zones:**
* **Stop-Loss Zone (Red Box):** Above resistance at \~1.33978
* **Target Zone (Green Box):** Near support around \~1.31756
* **Volume:** Increased during bullish move but tapering as resistance nears.
**Technical Outlook:**
* The pair is approaching a **critical resistance** with potential for a **bearish rejection**.
* A possible **short setup** is in play, aiming for the support zone if rejection holds.
* Watching for confirmation (e.g., bearish engulfing, wicks, or divergence) would strengthen the case.
Trade closed: target reached
GBP/USD: Profit RunningOur strategy is playing out just as planned! After breaking the resistance-turned-support (R.S) zone, the price respected the support level and started moving in our favor. The setup is currently running in profit, validating our technical analysis.
Keeping a close watch on the next resistance area to see if the bullish momentum sustains. Share your thoughts on this setup! #GBPUSD #ForexTrading #TradingSuccess
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All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
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.
I Will Sharing Personal Entries &How Trades.
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
All Of These For Free & I Will Not Take a Penny From Anyone .
So Please My Friends Trade On Your Own Risk
If You Guys Like My Ideas Then Follow Me And Comments Me .
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.