Hey Traders,
GBP/USD Showing A Momentum Fading After Monthly Push !!
On The :
1) Monthly: We have a Three strong bullish candles, but price has now reached a key resistance zone — expecting a pullback.
2) Weekly: Rejection signs showing with wicks on three candles, and weekly liquidity has been taken out.
3) Daily: Bearish Head & Shoulders pattern + Choch.
4) 4H: Structure aligns with the daily — currently waiting for confirmation (4H engulfing or 1H choch).
Targets: 1.31314 and 1.30363
Not financial advice.
#GBPUSD #Forex #PriceAction #TechnicalAnalysis #HeadAndShoulders #SupplyAndDemand #BearishSetup #MarketStructure #SmartMoney #Choch #LiquidityGrab #ForexTrading #SwingTrading #TrendReversal
GBP/USD Showing A Momentum Fading After Monthly Push !!
On The :
1) Monthly: We have a Three strong bullish candles, but price has now reached a key resistance zone — expecting a pullback.
2) Weekly: Rejection signs showing with wicks on three candles, and weekly liquidity has been taken out.
3) Daily: Bearish Head & Shoulders pattern + Choch.
4) 4H: Structure aligns with the daily — currently waiting for confirmation (4H engulfing or 1H choch).
Targets: 1.31314 and 1.30363
Not financial advice.
#GBPUSD #Forex #PriceAction #TechnicalAnalysis #HeadAndShoulders #SupplyAndDemand #BearishSetup #MarketStructure #SmartMoney #Choch #LiquidityGrab #ForexTrading #SwingTrading #TrendReversal
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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.