GBP/USD is currently testing the upper boundary of an ascending channel. A bearish divergence is forming and the price action suggests a potential reversal from the current level. If price breaks below the channel and retests the 1.3080–1.3090 zone, a deeper correction could follow.
Trade Setup (Short):
Entry Zone (Sell): 1.3080 – 1.3100 (after break and retest)
Stop Loss: 1.3206 (above previous swing high)
Target 1: 1.3012
Target 2: 1.2905
Target 3: 1.2783
Bias: Bearish correction
Timeframe: 2H (short- to mid-term move)
Technical Factors:
Price at resistance with potential double-top structure
Rising channel shows weakening momentum
Bearish setup supported by strong RR (Risk:Reward) structure
Disclaimer:
This is for educational purposes only. Use your own risk management and confirm with your trading strategy.
Trade Setup (Short):
Entry Zone (Sell): 1.3080 – 1.3100 (after break and retest)
Stop Loss: 1.3206 (above previous swing high)
Target 1: 1.3012
Target 2: 1.2905
Target 3: 1.2783
Bias: Bearish correction
Timeframe: 2H (short- to mid-term move)
Technical Factors:
Price at resistance with potential double-top structure
Rising channel shows weakening momentum
Bearish setup supported by strong RR (Risk:Reward) structure
Disclaimer:
This is for educational purposes only. Use your own risk management and confirm with your trading strategy.
Upgrade Your Trading with Us
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
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.
Upgrade Your Trading with Us
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
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.