GBPUSD SELL TRADE PLAN๐ฅGBP/USD TRADE PLAN๐ฅ
โ
Market Bias: Bearish ๐ (Downtrend) โ
Trade Type: Trend Continuation
๐ ENTRY TYPE: Sell Trade โ Pullback Entry โญ Confidence Level: ๐ตโญโญโญโญโญ (High)
๐ STATUS: Price is within the entry zone; monitoring for confirmation signals.
๐ ENTRY ZONE (SELL):
Primary Entry Zone: 1.2950 - 1.2975
Secondary Entry Zone (if deeper pullback occurs): 1.3000 - 1.3025
๐ STOP LOSS & TAKE PROFIT TARGETS:
๐จ Stop Loss: Above 1.3030 (Invalidation level)
๐ฏ Take Profit Targets:
๐ฅ TP1: 1.2850 (Partial profits & SL to breakeven)
๐ฅ TP2: 1.2800
๐ฅ TP3: 1.2750 (Final target)
๐ Risk-Reward Ratio:
Primary Entry Zone: Approximately 1:3
Secondary Entry Zone: Approximately 1:4
๐ Reason for Entry:
Bearish Trend: GBP/USD has been dominated by a downward correctional wave, indicating a bearish outlook. โ
Technical Resistance: The pair faces resistance near the 1.3000 psychological level, which has previously acted as a strong barrier.โ
Fibonacci Confluence: The 50% Fibonacci retracement level aligns with the entry zone, providing additional confluence.โ
๐ CONFIRMATION REQUIRED BEFORE SELLING:
H1 Bearish Candlestick Rejection: Look for a pin bar or engulfing pattern at the entry zone.
Volume Increase at Supply Zone: Indicates strong selling pressure.
Lower Timeframe Bearish Divergence: On M15/H1 charts for extra confluence.
โ DO NOT take the trade if the price breaks above 1.3030 without a bearish reaction.
๐ RISK MANAGEMENT REMINDER:
๐ฐ Risk 1-2% per trade. Move SL to breakeven after TP1 to secure profits.
๐ TRADE VALIDITY & INVALIDATION CONDITIONS:
โ
Trade Validity: Must tap entry within the next 24 hours.
โ Invalid if:
Price misses the entry zone and moves straight to TP1/TP2.
Fundamental shift changes trade bias (e.g., major news event).
Price breaks above 1.3030 = Trade invalidated.
๐ FUNDAMENTAL CHECKS & SENTIMENT ANALYSIS:
GBP Weakness: The British pound has fallen significantly against the US dollar, testing key support levels. โ
USD Strength: The US dollar remains strong amid global economic uncertainties.โ
COT Report: Indicates institutions adding to USD long positions, reducing GBP longs.โ
๐ FINAL TRADE PLAN SUMMARY:
SELL GBP/USD on a pullback into 1.2950 - 1.2975 (or 1.3000 - 1.3025 if a deeper correction occurs).
Targeting: 1.2850 โ 1.2800 โ 1.2750.
SL: Above 1.3030.
**Trade valid for the next 24 hours.
๐ EXECUTE WITH INSTITUTIONAL PRECISION! ๐ฅ
