📈 GBPUSD – Falling Wedge Breakout Within Bullish Channel (TCB Strategy)
Type: Trend → Countertrend → Breakout
Timeframe: 1H
Status: Trade Running
🔍 Analysis Summary:
GBPUSD is respecting a strong ascending channel, with a recent correction forming a textbook falling wedge pattern. Price has now broken out of the wedge with bullish momentum during the NY session, signaling a potential continuation toward the upper boundary of the channel.
This setup aligns perfectly with my TCB Strategy:
Trend: Bullish market structure intact
Countertrend: Falling wedge correction
Breakout: Clean bullish breakout above wedge resistance
🧠 Trade Plan:
Entry (EP1): 1.37350 (Breakout entry)
SL: 1.36850 (below wedge low)
TP1: 1.37600
TP2: 1.38200 (channel top)
🛠️ Checklist Score: ✅ 100%
All criteria met, including session timing, structure confluence, breakout candle quality, and risk-reward profile.
📌 Watching how price reacts around 1.37600. Clean break above that could open the path to 1.38200+.
Follow for updates.
#GBPUSD #ForexAnalysis #TCBStrategy #BreakoutSetup #FallingWedge #PriceAction
Type: Trend → Countertrend → Breakout
Timeframe: 1H
Status: Trade Running
🔍 Analysis Summary:
GBPUSD is respecting a strong ascending channel, with a recent correction forming a textbook falling wedge pattern. Price has now broken out of the wedge with bullish momentum during the NY session, signaling a potential continuation toward the upper boundary of the channel.
This setup aligns perfectly with my TCB Strategy:
Trend: Bullish market structure intact
Countertrend: Falling wedge correction
Breakout: Clean bullish breakout above wedge resistance
🧠 Trade Plan:
Entry (EP1): 1.37350 (Breakout entry)
SL: 1.36850 (below wedge low)
TP1: 1.37600
TP2: 1.38200 (channel top)
🛠️ Checklist Score: ✅ 100%
All criteria met, including session timing, structure confluence, breakout candle quality, and risk-reward profile.
📌 Watching how price reacts around 1.37600. Clean break above that could open the path to 1.38200+.
Follow for updates.
#GBPUSD #ForexAnalysis #TCBStrategy #BreakoutSetup #FallingWedge #PriceAction
Trade closed manually
🧠 Pre-Entry Structure (Why I Took the Trade)✅ Bullish trend was in place on higher timeframes (1H/4H)
✅ Falling wedge pattern into demand zone = clear countertrend
✅ Breakout above wedge = bullish signal
✅ NY session likely to fuel continuation
✅ TCB checklist scored 100% ✅
❌ What Went Wrong (Why You Closed Early)
🔻 Price broke back inside the wedge
🔻 Invalidated bullish breakout structure
🔻 No clean momentum push on retest
🔻 NY session did not fuel continuation — liquidity sweep instead
🔻 Entry confirmation (structure + flow) was broken
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.
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.