GBPUSD SELL NOW
GBP/USD Analysis - Bearish Reversal Setup
The GBP/USD pair is forming a bearish reversal pattern, as indicated by the resistance zone at 1.23493 (highlighted in yellow). This level has been tested twice, showing rejection with two prominent bearish candlesticks (red circles).
Trade Idea
Entry: The current price level near 1.23158 provides an opportunity for a short position.
Stop Loss: Placed just above the resistance zone at 1.23493, to mitigate risks.
Target: The downside target is set at 1.22387, aligning with a key support level from recent price action.
Technical Notes
The rejection from the resistance zone suggests selling pressure, indicating a potential move downward.
The risk-to-reward ratio aligns with proper trade management.
This setup is based on recent market structure and candlestick behavior. Monitor for potential continuation signals or invalidation of the pattern.
The GBP/USD pair is forming a bearish reversal pattern, as indicated by the resistance zone at 1.23493 (highlighted in yellow). This level has been tested twice, showing rejection with two prominent bearish candlesticks (red circles).
Trade Idea
Entry: The current price level near 1.23158 provides an opportunity for a short position.
Stop Loss: Placed just above the resistance zone at 1.23493, to mitigate risks.
Target: The downside target is set at 1.22387, aligning with a key support level from recent price action.
Technical Notes
The rejection from the resistance zone suggests selling pressure, indicating a potential move downward.
The risk-to-reward ratio aligns with proper trade management.
This setup is based on recent market structure and candlestick behavior. Monitor for potential continuation signals or invalidation of the pattern.
Transaction en cours
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.