GBP/USD Sell Setup – Strong Rejection at Key Resistance
Entry: 1.3406
TP: 1.2990
SL: 1.3500
RR: 4.28
Analysis:
Price hit a strong resistance zone with heavy volume profile rejection and long-wick candle, indicating possible exhaustion. After an extended rally, a retracement is expected. Clean structure breakdown could take price back to the 1.3000 psychological level.
Bias: Bearish
Timeframe: 4H
Outlook: Short to mid-term (1–2 weeks)
Entry: 1.3406
TP: 1.2990
SL: 1.3500
RR: 4.28
Analysis:
Price hit a strong resistance zone with heavy volume profile rejection and long-wick candle, indicating possible exhaustion. After an extended rally, a retracement is expected. Clean structure breakdown could take price back to the 1.3000 psychological level.
Bias: Bearish
Timeframe: 4H
Outlook: Short to mid-term (1–2 weeks)
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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.