GBPUSD – Short-Term Entry Model (Price Action Based)Education time!
This is a quick-execution on GBPUSD this London session based on a failed breakout and structure shift.
Price initially broke above the previous high but failed to sustain the breakout. The second push failed to print a higher high (HH), signaling potential exhaustion. Once the higher low (HL) that led to the failed HH was broken to the downside, a valid short setup was confirmed.
The trade targets the 161.8% Fibonacci extension of the initial move that failed to hold above the high.
📉 Result: The setup played out cleanly, hitting the target with a +17 pip gain.
