Price tapped into a minor premium zone after an extended corrective leg and immediately showed rejection through a sharp bearish response. The preceding move lacked impulsiveness, suggesting it was corrective rather than a trend continuation.
The short entry is based on:
• Retest of prior micro-structure breakdown
• Failure to sustain above the rejection block
• Clear shift in orderflow as bullish momentum faded
Stop placed above the rejection candle.
Primary target aligned with the liquidity pocket near 1.3290.
This setup follows the broader intraday bias and respects the structural flow of GBPUSD during the session.
The short entry is based on:
• Retest of prior micro-structure breakdown
• Failure to sustain above the rejection block
• Clear shift in orderflow as bullish momentum faded
Stop placed above the rejection candle.
Primary target aligned with the liquidity pocket near 1.3290.
This setup follows the broader intraday bias and respects the structural flow of GBPUSD during the session.
YCGH Capital
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.
YCGH Capital
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.