This is a 1-hour chart of GBP/USD (British Pound vs US Dollar), with a clear bearish setup. Here's the breakdown:
Chart Analysis:
Channel Structure:
The price is moving inside an ascending channel with clear upper and lower trendlines.
Liquidity Sweep ($$$):
Two areas marked as “$$$” indicate liquidity grab (stop-hunt zones) below equal lows — classic signs of engineered liquidity.
Resistance Zone (Supply):
A key supply zone is highlighted between 1.36045 and slightly below it, where price previously reacted. This zone is expected to act as a strong resistance.
Current Price:
Price is currently at 1.35844 and appears to be heading up toward the supply zone again.
Trade Idea (Bearish Setup):
Entry:
Wait for the price to enter the supply zone (around 1.36045), possibly wick above it slightly to trap buyers.
Sell Trigger:
Look for bearish confirmation (like bearish engulfing or market structure shift) inside the supply zone.
Stop Loss:
Placed just above the supply zone and the channel resistance — around 1.36464.
Take Profit:
Target is set near the channel support, around 1.34799.
Risk:Reward Ratio:
Favorable setup — risk is smaller compared to the large potential reward.
Summary (in short):
A short-term bullish move to trap liquidity into the supply zone.
A rejection from the supply zone.
A bearish drop toward the channel’s lower boundary.
Support and Boost for appreciate.
Chart Analysis:
Channel Structure:
The price is moving inside an ascending channel with clear upper and lower trendlines.
Liquidity Sweep ($$$):
Two areas marked as “$$$” indicate liquidity grab (stop-hunt zones) below equal lows — classic signs of engineered liquidity.
Resistance Zone (Supply):
A key supply zone is highlighted between 1.36045 and slightly below it, where price previously reacted. This zone is expected to act as a strong resistance.
Current Price:
Price is currently at 1.35844 and appears to be heading up toward the supply zone again.
Trade Idea (Bearish Setup):
Entry:
Wait for the price to enter the supply zone (around 1.36045), possibly wick above it slightly to trap buyers.
Sell Trigger:
Look for bearish confirmation (like bearish engulfing or market structure shift) inside the supply zone.
Stop Loss:
Placed just above the supply zone and the channel resistance — around 1.36464.
Take Profit:
Target is set near the channel support, around 1.34799.
Risk:Reward Ratio:
Favorable setup — risk is smaller compared to the large potential reward.
Summary (in short):
A short-term bullish move to trap liquidity into the supply zone.
A rejection from the supply zone.
A bearish drop toward the channel’s lower boundary.
Support and Boost for appreciate.
Trade active
trade is active 60+ pips running.
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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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.