GBPUSD 4H Analysis – Bearish SetupThe pair has formed a double top and a descending triangle, indicating strong bearish momentum. After a consolidation phase, price has broken down through the demand zone near 1.32400, confirming the bearish breakout.
Entry Zone:
Breakdown below 1.32400 (descending triangle support)
Technical Targets:📌📌
🎯1st Target: 1.31600
🎯2nd Target: 1.30100
#Key Support Levels:
#1.28800
#1.28500
#1.27600
#1.27200
#Bias: Strong Sell
#Timeframe: 4H
#Watch for retests of the breakdown zone for potential entry confirmation.
Trade active
GBPUSD Trade Update – 4H TimeframeSecond entry level has been touched after the confirmed breakdown of the demand zone at 1.32400. Price action continues to respect the descending triangle structure and bearish momentum remains strong.
Current Status:
Breakdown confirmed
Second entry triggered
Trade in progress, watching target levels
Technical Targets:
1st Target: 1.31600
2nd Target: 1.30100
Holding the position as price continues toward the projected levels.
Note
GBP/USD Trade Update – 4H Timeframe1st Target Successfully Hit!
The trade has reached the first target at 1.31600, delivering 80+ pips in profit. Bearish momentum remains intact as price follows through the descending triangle structure.
Current Status:
1st Target: HIT (1.31600)
Profit: 80+ pips
Next Target: 1.30100
Trade still running — continuing to watch price action as we approach the next target level.
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Trade closed manually
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t.me/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
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.