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💹 GBP/USD Trade Analysis – Sell Setup

📍 Trade Idea: Initiating a short (sell) position on GBP/USD at the current market level.


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🔽 Entry Zone

Suggested Entry: 1.34393


This level aligns with a minor resistance area formed by recent price rejection. It offers an optimal spot for initiating short positions, especially after confirmation of bearish pressure in lower timeframes.


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📉 Stop Loss

Suggested Stop Loss: 1.34900 (above key resistance zone)


The stop loss is placed just above a strong resistance level to prevent premature exits. This level has historically acted as a barrier, making it a reliable invalidation point for the trade setup.


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🎯 Take Profit Targets

TP1: 1.34215 – A modest first target based on recent intraday support.

TP2: 1.34125 – A deeper pullback zone where price has previously found temporary support.

TP3: 1.34000 – A psychologically and technically significant round number with historic support relevance.

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