Pair: GBP/USD
Timeframe: 1-Hour
Technical Tools Used:
• Price Action & Structure
• Fibonacci Extension
• Awesome Oscillator (AO)
⸻
📌 Key Technical Highlights:
✅ Price reached 4.236 Fibonacci Exhaustion Level
✅ Clear Break of Structure (BOS) to the downside
✅ Bearish Divergence spotted on AO
✅ Bearish Targets identified using Fibonacci Extension
⸻
🔍 Market Overview:
GBP/USD recently completed a strong bullish impulse and tapped into the 4.236 Fibonacci exhaustion zone around 1.34686, a level often associated with trend exhaustion.
Following this, a Break of Structure (BOS) was confirmed, signaling potential weakening of bullish momentum and a possible trend reversal.
⸻
📉 Bearish Confluence – AO Divergence:
The Awesome Oscillator (AO) confirms bearish divergence:
• Price made a higher high.
• AO made a lower high.
This suggests that bullish momentum is fading despite higher price levels — a classic early warning of potential reversal.
⸻
🎯 Fibonacci Extension Take-Profit Zones:
Using the latest swing leg and BOS as the reference, the Fibonacci extension tool reveals several high-probability take-profit zones:
• ✅ TP1: 1.618 Extension @ 1.33770
• ✅ TP2: 2.618 & 2.786 Extensions @ 1.33204 – 1.33051
• 🧊 Extreme Targets: 4.236+ Extensions near 1.32288 and below, if strong bearish momentum continues.
⸻
💡 Trading Plan:
This setup offers a clean bearish opportunity based on:
• Completion of an extended bullish leg
• Break of market structure
• Momentum divergence via AO
• Strong Fibonacci confluence
Bias: Bearish
Trigger: Wait for pullback or retest followed by bearish confirmation (e.g., rejection candle or engulfing pattern).
Risk: As always, use clear stop-loss above recent high and manage risk appropriately.
⸻
👍 If you found this analysis helpful, give it a like and follow for more updates.
💬 Drop your thoughts or questions below — let’s discuss your setups too!
Timeframe: 1-Hour
Technical Tools Used:
• Price Action & Structure
• Fibonacci Extension
• Awesome Oscillator (AO)
⸻
📌 Key Technical Highlights:
✅ Price reached 4.236 Fibonacci Exhaustion Level
✅ Clear Break of Structure (BOS) to the downside
✅ Bearish Divergence spotted on AO
✅ Bearish Targets identified using Fibonacci Extension
⸻
🔍 Market Overview:
GBP/USD recently completed a strong bullish impulse and tapped into the 4.236 Fibonacci exhaustion zone around 1.34686, a level often associated with trend exhaustion.
Following this, a Break of Structure (BOS) was confirmed, signaling potential weakening of bullish momentum and a possible trend reversal.
⸻
📉 Bearish Confluence – AO Divergence:
The Awesome Oscillator (AO) confirms bearish divergence:
• Price made a higher high.
• AO made a lower high.
This suggests that bullish momentum is fading despite higher price levels — a classic early warning of potential reversal.
⸻
🎯 Fibonacci Extension Take-Profit Zones:
Using the latest swing leg and BOS as the reference, the Fibonacci extension tool reveals several high-probability take-profit zones:
• ✅ TP1: 1.618 Extension @ 1.33770
• ✅ TP2: 2.618 & 2.786 Extensions @ 1.33204 – 1.33051
• 🧊 Extreme Targets: 4.236+ Extensions near 1.32288 and below, if strong bearish momentum continues.
⸻
💡 Trading Plan:
This setup offers a clean bearish opportunity based on:
• Completion of an extended bullish leg
• Break of market structure
• Momentum divergence via AO
• Strong Fibonacci confluence
Bias: Bearish
Trigger: Wait for pullback or retest followed by bearish confirmation (e.g., rejection candle or engulfing pattern).
Risk: As always, use clear stop-loss above recent high and manage risk appropriately.
⸻
👍 If you found this analysis helpful, give it a like and follow for more updates.
💬 Drop your thoughts or questions below — let’s discuss your setups too!
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.