GBP/USD 1H Analysis – Bearish Order Block Rejection Setup
Price is currently respecting a bearish structure after a strong drop from the 1.30800 area. The recent pullback is approaching a bearish order block zone between 1.29665 and 1.29739, which aligns with previous supply and resistance levels.
A short position has been executed around 1.29036, with:
Stop Loss: Above the OB at 1.29739
Take Profit: Targeting the 1.27968 zone, which is a key support level.
Indicators like the Supertrend (10,3) and SMMA (7) confirm bearish momentum, and the broken bullish OB earlier adds confluence to the short bias.
Bias: Bearish
Target: 1.27968
Invalidation: Break and close above 1.29739
Price is currently respecting a bearish structure after a strong drop from the 1.30800 area. The recent pullback is approaching a bearish order block zone between 1.29665 and 1.29739, which aligns with previous supply and resistance levels.
A short position has been executed around 1.29036, with:
Stop Loss: Above the OB at 1.29739
Take Profit: Targeting the 1.27968 zone, which is a key support level.
Indicators like the Supertrend (10,3) and SMMA (7) confirm bearish momentum, and the broken bullish OB earlier adds confluence to the short bias.
Bias: Bearish
Target: 1.27968
Invalidation: Break and close above 1.29739
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World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+crZRykT5XGsyYjFk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+crZRykT5XGsyYjFk
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.