📈 GBPUSD – Countertrend Wedge Setup Near Key Demand (TCB Strategy Setup in Progress)
Timeframe: 4H
Strategy Phase: ✅ Countertrend Phase (Falling Wedge + Liquidity Sweep Potential)
🔍 Analysis:
GBPUSD is currently forming a falling wedge correction within a higher-timeframe bullish trend. Price is approaching a major confluence zone between 1.3442 and 1.3358, which includes:
Stacked demand zones (HTF support)
A rising trendline from the previous bullish leg
The wedge’s lower boundary
Potential liquidity pockets below recent lows
If price sweeps the zone and gives a bullish engulfing or reversal candle, this would trigger a TCB Countertrend entry targeting a breakout and continuation to the upside.
📌 Watchlist Trade Setup:
Entry Zone: 1.3442 – 1.3358 (awaiting confirmation)
Stop Loss: Below 1.3358
Take Profit 1: 1.3526
Take Profit 2: 1.3778
Take Profit 3 (extended): 1.3816
Risk-to-Reward: Potential 1:3 – 1:4+
📋 TCB Strategy Confluences:
Falling Wedge Structure ✅
Demand Zone Support ✅
Trendline Support ✅
Liquidity Trap Potential ✅
Clean Structure to TP ✅
🧠 Waiting for:
Bullish candle confirmation (engulfing/pin bar)
Breakout of wedge or sweep-reversal scenario
Final check for news before entry
📚 Strategy: TCB (Trend – Countertrend – Breakout)
Looking for clean, high-RR reversals from structure with momentum confirmation.
#GBPUSD #Forex #TCB #Breakout #Trend #Countertrend #ForexTrading #TradeSetup #TechnicalAnalysis
Timeframe: 4H
Strategy Phase: ✅ Countertrend Phase (Falling Wedge + Liquidity Sweep Potential)
🔍 Analysis:
GBPUSD is currently forming a falling wedge correction within a higher-timeframe bullish trend. Price is approaching a major confluence zone between 1.3442 and 1.3358, which includes:
Stacked demand zones (HTF support)
A rising trendline from the previous bullish leg
The wedge’s lower boundary
Potential liquidity pockets below recent lows
If price sweeps the zone and gives a bullish engulfing or reversal candle, this would trigger a TCB Countertrend entry targeting a breakout and continuation to the upside.
📌 Watchlist Trade Setup:
Entry Zone: 1.3442 – 1.3358 (awaiting confirmation)
Stop Loss: Below 1.3358
Take Profit 1: 1.3526
Take Profit 2: 1.3778
Take Profit 3 (extended): 1.3816
Risk-to-Reward: Potential 1:3 – 1:4+
📋 TCB Strategy Confluences:
Falling Wedge Structure ✅
Demand Zone Support ✅
Trendline Support ✅
Liquidity Trap Potential ✅
Clean Structure to TP ✅
🧠 Waiting for:
Bullish candle confirmation (engulfing/pin bar)
Breakout of wedge or sweep-reversal scenario
Final check for news before entry
📚 Strategy: TCB (Trend – Countertrend – Breakout)
Looking for clean, high-RR reversals from structure with momentum confirmation.
#GBPUSD #Forex #TCB #Breakout #Trend #Countertrend #ForexTrading #TradeSetup #TechnicalAnalysis
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.