📉 GBP/USD Breakdown After Fake Breakout Trap
Price action formed a fake breakout above the recent resistance near 1.35920, trapping late buyers. Shortly after, a clean breakdown below the ascending trendline confirmed a shift in structure. This move suggests smart money manipulation followed by trend continuation.
✅ Current Setup:
Fake Breakout above resistance
Trendline Breakdown + Retest
Short Bias Active
🎯 Bearish Targets:
Target 1: 1.33368
Target 2: 1.32571
🔎 Waiting for price to stay below trendline with lower highs forming on LTFs (lower timeframes) for extra confirmation.
🧠 Note: This analysis is for educational purposes only. Always use proper risk management and follow your own strategy before entering any trade.
#GBPUSD #Forex #SmartMoney #PriceAction #Breakdown #FXAnalysis #TechnicalAnalysis #TradingView
Price action formed a fake breakout above the recent resistance near 1.35920, trapping late buyers. Shortly after, a clean breakdown below the ascending trendline confirmed a shift in structure. This move suggests smart money manipulation followed by trend continuation.
✅ Current Setup:
Fake Breakout above resistance
Trendline Breakdown + Retest
Short Bias Active
🎯 Bearish Targets:
Target 1: 1.33368
Target 2: 1.32571
🔎 Waiting for price to stay below trendline with lower highs forming on LTFs (lower timeframes) for extra confirmation.
🧠 Note: This analysis is for educational purposes only. Always use proper risk management and follow your own strategy before entering any trade.
#GBPUSD #Forex #SmartMoney #PriceAction #Breakdown #FXAnalysis #TechnicalAnalysis #TradingView
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.