Looking at the GBPUSD H1 chart you provided, here’s a breakdown of the current structure and a high-probability swing trade setup with a 1:5 risk-reward ratio:
Chart Observations:
• Price recently bounced off a higher low after making a clear impulsive drop and has started pulling back upward.
• There’s a bearish BBandSE signal with price stalling just beneath a previous structure high.
• Market structure is still bearish on H1 — this appears to be a lower high forming, making it a good setup for a swing short.
Swing Trade Setup (Sell)
Entry:
• Sell at: 1.3305–1.3310 (ideal entry near current price; retest zone of last bearish BBandSE signal)
Stop Loss:
• SL above recent high: 1.3345
• (This is above the most recent swing high where the price last reversed)
Take Profit (1:5 RR):
• TP at: 1.3130
• This is a strong prior demand zone / previous low from May 9th
Trade Summary: Use risk management
Parameter Value
Direction Sell (Short)
Entry 1.3305
Stop Loss 1.3345 (40 pips)
Take Profit 1.3130 (175 pips)
Risk: Reward 1:4.4–1:5
Why This Setup Works:
• You’re entering a lower high in a clear H1 downtrend.
• The Bollinger Bands Strategy confirms the sell signal (BBandSE).
• You’re targeting a previous liquidity zone (1.3130) where the price showed strong rejection before.
• R: R is extremely favourable; even if it retraces deeper, the structure gives enough room to protect your capital.
Disclaimer: This trade is not financial advice. It's just for learning. My team and I will not be responsible for any losses you incur
Chart Observations:
• Price recently bounced off a higher low after making a clear impulsive drop and has started pulling back upward.
• There’s a bearish BBandSE signal with price stalling just beneath a previous structure high.
• Market structure is still bearish on H1 — this appears to be a lower high forming, making it a good setup for a swing short.
Swing Trade Setup (Sell)
Entry:
• Sell at: 1.3305–1.3310 (ideal entry near current price; retest zone of last bearish BBandSE signal)
Stop Loss:
• SL above recent high: 1.3345
• (This is above the most recent swing high where the price last reversed)
Take Profit (1:5 RR):
• TP at: 1.3130
• This is a strong prior demand zone / previous low from May 9th
Trade Summary: Use risk management
Parameter Value
Direction Sell (Short)
Entry 1.3305
Stop Loss 1.3345 (40 pips)
Take Profit 1.3130 (175 pips)
Risk: Reward 1:4.4–1:5
Why This Setup Works:
• You’re entering a lower high in a clear H1 downtrend.
• The Bollinger Bands Strategy confirms the sell signal (BBandSE).
• You’re targeting a previous liquidity zone (1.3130) where the price showed strong rejection before.
• R: R is extremely favourable; even if it retraces deeper, the structure gives enough room to protect your capital.
Disclaimer: This trade is not financial advice. It's just for learning. My team and I will not be responsible for any losses you incur
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.