GBP/USD Short Setup – Multi-Timeframe Rejection at September High
We're entering a short on GBP/USD based on a clean confluence of structure, pattern, and timing.
Daily Chart:
Price is rejecting a key resistance level from the week of September 20–27 — the high from that week has now been tapped five times in the last week, with today marking yet another rejection.
Intraday Timing:
Yesterday (Monday): London session tapped the September high.
Today (Tuesday): Pre-London rally hit that same level and failed again.
This sets the tone for a double-tap liquidity run that’s now looking exhausted.
4H Chart:
Bearish rejection wick is forming (potential hammer) — still two hours left, but current structure suggests selling pressure off the highs.
1H Chart:
We’ve printed a clean double top, and the most recent candle is closing as a bearish engulfing, rejecting straight off the key zone.
Entry: 1.33932
Stop: 1.34303
Target 1 (conservative): 1:1.2 R:R — midline from Sunday’s Asia session.
Target 2 (extension): 1.32986 — a clear structural level and liquidity pocket from previous demand.
With momentum turning and buyers failing to break higher despite multiple attempts, this setup leans heavily bearish for the next few sessions
We're entering a short on GBP/USD based on a clean confluence of structure, pattern, and timing.
Daily Chart:
Price is rejecting a key resistance level from the week of September 20–27 — the high from that week has now been tapped five times in the last week, with today marking yet another rejection.
Intraday Timing:
Yesterday (Monday): London session tapped the September high.
Today (Tuesday): Pre-London rally hit that same level and failed again.
This sets the tone for a double-tap liquidity run that’s now looking exhausted.
4H Chart:
Bearish rejection wick is forming (potential hammer) — still two hours left, but current structure suggests selling pressure off the highs.
1H Chart:
We’ve printed a clean double top, and the most recent candle is closing as a bearish engulfing, rejecting straight off the key zone.
Entry: 1.33932
Stop: 1.34303
Target 1 (conservative): 1:1.2 R:R — midline from Sunday’s Asia session.
Target 2 (extension): 1.32986 — a clear structural level and liquidity pocket from previous demand.
With momentum turning and buyers failing to break higher despite multiple attempts, this setup leans heavily bearish for the next few sessions
Trade active
SL moved to BE looks like rejection, could see continuationTrade closed: target reached
Target 1.26R reached
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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.