GBPUSD I caught that, again people saying I’m nuts for being short, long etc, remember to try see everyone’s point of view. It swept Asia highs and reversed
✅ RSI Divergence: Neutral at 49.8 (4H bearish divergence fading) ✅ MACD Signal: Histogram nearing zero line crossover ✅ Volume Profile: Heavy liquidity at 1.29263–1.29614
💡 Trade Idea 1: Intraday Buy Setup
Entry: 🎯1.29346 (Confluence of Weekly Pivot & Fib Support) Stop Loss: ⚠️1.28978 (Below Swing Low Anchor) Take Profit 1: 🏁1.29723 (Immediate Resistance) Take Profit 2: 🚩1.30149 (Structural High Retest)
Rationale:
Bullish hidden divergence on 4H chart Oversold conditions on hourly timeframe
💡 Trade Idea 2: Intraday Sell Setup
Entry: 🎯1.29809 (Confluence of Swing High & Fib Extension) Stop Loss: ⚠️1.30558 (Above Multi-Session High) Take Profit 1: 🏁1.29438 (Retracement Base) Take Profit 2: 🚩1.28883 (Liquidity Pool)
Rationale:
Bearish rejection at 1.29898 resistance cluster Negative correlation with USD strength resurgence
📉 Strategic Observations
Price Magnetism:
Institutional orders clustered at 1.29438 (200-period EMA)
Sentiment Shift:
Rising Brexit-related hedging activity
Event Risk:
Thursday’s BoE policy decision may amplify volatility
Note: Implement 1:2.5 risk-reward ratios with trailing stops. Confirm trades with closing price confirmation beyond key levels.
📌 Key Insight:
GBPUSD consolidates between 1.29346–1.29809. Prioritize range-bound strategies at tested technical boundaries with 0.75% risk tolerance, aligning with liquidity pool dynamics.