GBPUSD// Bearish Outlook, Reversal pattern confirmation recieved
📉 GBPUSD Price Forecast & Analysis 📉
GBPUSD has formed a Cup and Handle pattern at the top of the uptrend, which is a reversal signal indicating potential downside movement.
🔹 Technical Breakdown:
✅ The market has broken the support level and the 50EMA, confirming a shift toward a selling trend.
✅ Now, GBPUSD is retracing back to 1.2380, which acts as an order block (a key resistance zone).
✅ If a strong bearish candle forms at this level, it will confirm the continuation of the downtrend.
✅ Volume is increasing on the selling side, strengthening bearish momentum.
🔻 Sell Entry: 1.2380 (After confirmation from a bearish candle)
🎯 Technical Target Levels:
📍 1.2250 – First support level
📍 1.2190 – Second support level
💡 Trading Insight:
This setup presents a high-probability trade as GBPUSD has already shown breakout signals, and a retest of the broken support could provide the perfect short entry.
📢 Stay updated with more forecasts! Like, comment, and follow for real-time trade insights. 🚀
Kind regards, Trend Logic
GBPUSD has formed a Cup and Handle pattern at the top of the uptrend, which is a reversal signal indicating potential downside movement.
🔹 Technical Breakdown:
✅ The market has broken the support level and the 50EMA, confirming a shift toward a selling trend.
✅ Now, GBPUSD is retracing back to 1.2380, which acts as an order block (a key resistance zone).
✅ If a strong bearish candle forms at this level, it will confirm the continuation of the downtrend.
✅ Volume is increasing on the selling side, strengthening bearish momentum.
🔻 Sell Entry: 1.2380 (After confirmation from a bearish candle)
🎯 Technical Target Levels:
📍 1.2250 – First support level
📍 1.2190 – Second support level
💡 Trading Insight:
This setup presents a high-probability trade as GBPUSD has already shown breakout signals, and a retest of the broken support could provide the perfect short entry.
📢 Stay updated with more forecasts! Like, comment, and follow for real-time trade insights. 🚀
Kind regards, Trend Logic
t.me/TrendLogic1
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t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
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🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
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.