British Pound / U.S. Dollar forum
Current Price & Entry Zone
Current price: 1.34775
The chart marks ENTER LAYER around 1.3475 – 1.3480 → This is the zone where selling positions (short trades) can be initiated.
A red arrow shows price is already rejecting from this entry area.
2. Stop Loss (Risk Management)
STOP TRADE AREA is above 1.3480 – 1.3490 region.
If price goes above this, the bearish setup becomes invalid → meaning you exit the trade.
Target Levels
The chart suggests a short (sell) trade setup with multiple take-profit levels:
Target Point First → 1.3460
(nearest safe profit zone)
Target Point Second → 1.3440
(deeper continuation move)
Target Point 3rd → 1.3420
(extended target)
Last Target Point → 1.3400
(major profit-taking zone)
4. Supporting Structure
FVG Area (Fair Value Gap): Price had imbalance earlier, which now acts as a supply zone.
BROSS: Indicates key break of structure, confirming bearish bias.SELLING SUPPORT: Blue zone where previous buyers turned into sellers → reinforcing resistance.

I missed the last trade as it was outside of my trading window, but LOOK how price came barreling into the level and reversed. Keep it simple.

buy and set TP at previous day's high that's it...