GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE
This GBP/USD 1-hour chart suggests a bearish trade setup based on liquidity concepts and market structure. Here’s the breakdown:
1. Bearish Rejection Zone – Price is approaching a key resistance level (1.26555) and is expected to struggle there before dropping.
2. Liquidity & Order Blocks – The chart shows buy-side and sell-side liquidity areas, suggesting market makers may manipulate price before a move.
3. Market Structure Shift (MSS) – A bearish MSS is marked, signaling a potential downtrend confirmation.
4. Fair Value Gaps (FVG) – These imbalances indicate areas where price might retrace before resuming downward.
5. Target & Stop-Loss – The take-profit is near 1.25931, while the stop-loss is at 1.26702, ensuring proper risk management.
Trade Idea
A short entry is expected after price retests resistance. If rejection happens as anticipated, a downward move could follow.
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1. Bearish Rejection Zone – Price is approaching a key resistance level (1.26555) and is expected to struggle there before dropping.
2. Liquidity & Order Blocks – The chart shows buy-side and sell-side liquidity areas, suggesting market makers may manipulate price before a move.
3. Market Structure Shift (MSS) – A bearish MSS is marked, signaling a potential downtrend confirmation.
4. Fair Value Gaps (FVG) – These imbalances indicate areas where price might retrace before resuming downward.
5. Target & Stop-Loss – The take-profit is near 1.25931, while the stop-loss is at 1.26702, ensuring proper risk management.
Trade Idea
A short entry is expected after price retests resistance. If rejection happens as anticipated, a downward move could follow.
Would you like a caption for your post based on this setup?
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.
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.