1️⃣ Structure
GBPUSD was trending inside a rising channel (blue trendlines), showing an uptrend.
Recently it has broken below the lower boundary of this channel → this is a bearish signal (trend change or correction starting).
2️⃣ Liquidity Zones
Buy-side liquidity (above highs): Was taken around 1.36000 and 1.35700.
Sell-side liquidity (below lows): Targeted now, as price is pushing lower.
3️⃣ Key Levels
OB (Order Block) near 1.35800 → strong supply zone.
FVG (Fair Value Gaps) → multiple gaps are filled now, bearish momentum increasing.
MSS (Market Structure Shift) → confirmed a break to downside.
4️⃣ Recent Move
Price recently hit sell-side liquidity ~1.34600 zone and reacted with a small bounce (white arrow shows possible retracement).
Now it looks like it will retrace slightly higher before continuing downward.
5️⃣ Bias
Bearish Bias → the break of the channel + MSS + OB rejection.
Expecting a lower high → continuation lower.
---
🎯 Trade Plan
🔹 Entry Idea (Short / Sell Setup)
Entry: If price retraces to ~ 1.35200 - 1.35400 zone (FVG + previous support now resistance).
Wait for rejection candles or confirmations (bearish engulfing, wicks, etc).
🔹 Stop Loss (SL)
Above the last swing high or OB → SL around 1.35650.
🔹 Take Profit (TP)
1. TP1 → 1.34600 (recent low / sell-side liquidity).
2. TP2 → 1.34450 (below liquidity zone).
3. TP3 → extended target ~ 1.34000 if momentum stays strong.
GBPUSD was trending inside a rising channel (blue trendlines), showing an uptrend.
Recently it has broken below the lower boundary of this channel → this is a bearish signal (trend change or correction starting).
2️⃣ Liquidity Zones
Buy-side liquidity (above highs): Was taken around 1.36000 and 1.35700.
Sell-side liquidity (below lows): Targeted now, as price is pushing lower.
3️⃣ Key Levels
OB (Order Block) near 1.35800 → strong supply zone.
FVG (Fair Value Gaps) → multiple gaps are filled now, bearish momentum increasing.
MSS (Market Structure Shift) → confirmed a break to downside.
4️⃣ Recent Move
Price recently hit sell-side liquidity ~1.34600 zone and reacted with a small bounce (white arrow shows possible retracement).
Now it looks like it will retrace slightly higher before continuing downward.
5️⃣ Bias
Bearish Bias → the break of the channel + MSS + OB rejection.
Expecting a lower high → continuation lower.
---
🎯 Trade Plan
🔹 Entry Idea (Short / Sell Setup)
Entry: If price retraces to ~ 1.35200 - 1.35400 zone (FVG + previous support now resistance).
Wait for rejection candles or confirmations (bearish engulfing, wicks, etc).
🔹 Stop Loss (SL)
Above the last swing high or OB → SL around 1.35650.
🔹 Take Profit (TP)
1. TP1 → 1.34600 (recent low / sell-side liquidity).
2. TP2 → 1.34450 (below liquidity zone).
3. TP3 → extended target ~ 1.34000 if momentum stays strong.
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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.
TELEGRAM CHANNEL CLICK HERE
👇👇
t.me/addlist/j3ts8pztHtY3NWQ0
VIP SIGNALS SERVICE 👇👇⬇️
t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
one.exnesstrack.org/a/kyponqqh5i
👇👇
t.me/addlist/j3ts8pztHtY3NWQ0
VIP SIGNALS SERVICE 👇👇⬇️
t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
one.exnesstrack.org/a/kyponqqh5i
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.