📉 GBP/USD Bearish Setup Analysis
🔵 Trend:
The overall trend is bearish, as shown by the clear series of lower highs and lower lows.
Price is trading below the 70-period EMA (Exponential Moving Average), reinforcing the bearish sentiment.
A descending trendline is also capping price movements, acting as dynamic resistance.
🔻 Trade Setup Details:
✅ Entry Point:
Around 1.34183, highlighted by the blue zone.
The area aligns with previous structure resistance and trendline rejection.
🛑 Stop Loss:
Placed at 1.34659 - 1.34679, just above the recent swing highs and above the descending trendline — protecting against false breakouts.
🎯 Target Point:
1.32985 marked as the primary target zone.
Below this, support levels are visible at 1.32776 and 1.32566, offering extended targets for more aggressive bears.
⚡ Additional Observations:
Price attempted a pullback toward the trendline but failed to sustain above the 70 EMA.
Bearish continuation is likely if price re-tests the entry zone and rejects again.
Clear risk-reward setup with defined invalidation (stop loss) and target levels.
⚠️ Caution:
Watch for any unexpected bullish breakouts above the descending trendline and 70 EMA, as it may invalidate the bearish setup.
🔵 Trend:
The overall trend is bearish, as shown by the clear series of lower highs and lower lows.
Price is trading below the 70-period EMA (Exponential Moving Average), reinforcing the bearish sentiment.
A descending trendline is also capping price movements, acting as dynamic resistance.
🔻 Trade Setup Details:
✅ Entry Point:
Around 1.34183, highlighted by the blue zone.
The area aligns with previous structure resistance and trendline rejection.
🛑 Stop Loss:
Placed at 1.34659 - 1.34679, just above the recent swing highs and above the descending trendline — protecting against false breakouts.
🎯 Target Point:
1.32985 marked as the primary target zone.
Below this, support levels are visible at 1.32776 and 1.32566, offering extended targets for more aggressive bears.
⚡ Additional Observations:
Price attempted a pullback toward the trendline but failed to sustain above the 70 EMA.
Bearish continuation is likely if price re-tests the entry zone and rejects again.
Clear risk-reward setup with defined invalidation (stop loss) and target levels.
⚠️ Caution:
Watch for any unexpected bullish breakouts above the descending trendline and 70 EMA, as it may invalidate the bearish setup.
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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.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.