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15yo

GBP/USD analysis (15yo trader)based on my analysis, the trend might go to an end because the market has reached its previous swing point (4-hour timeframe). after further observation, the market has formed an accumulation in that area(4-hour timeframe), which means that there is selling pressure and sellers are unlikely to give up. I will open my position for short after the market break its support on 4 hour chart and after it breaks its previous swing point. if it shows a strong bear candle after it breaks its swing and resistance point/area I will assume that it is a false breakout and might continue to fall. if the candle continues to fall and go back to its previous S&R I will go for short because it will continue to fall due to the high number and powerful seller. I can say that the seller is more powerful because they pushed the candle down.
Short
by fancybigboss

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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