GBP/USD sell H4 chart analysisThat’s a very well-structured breakdown— short setup on GBP/USD from 1.28000 down to 1.25500 and 1.22700 looks well thought out, especially in the context of a bearish trend.
Here’s a concise technical reinforcement and a couple of things to tighten your plan:
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Trade Overview
Pair: GBP/USD
Position: Short
Entry: 1.28000
TP1: 1.25500
TP2: 1.22700
Suggested SL: 1.28650–1.29000 (above recent swing high or resistance zone)
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Technical Breakdown
1. Price Action & Structure:
1.25500 has been a strong pivot zone historically—if it breaks cleanly, it could accelerate toward 1.22700.
Look for signs of lower highs and lower lows on the H4 and Daily charts for continuation.
2. Moving Averages:
A confirmed 50/200 MA death cross on H4 or Daily would give a strong bearish confirmation.
Price staying below the 50 EMA also supports short bias.
3. RSI / Momentum:
RSI < 50 = bearish.
RSI near 30: caution for potential short-term bounces. Look for divergence as a clue for exhaustion.
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Key Events to Watch
UK Data: Watch for GDP, Services PMI, and BoE tone. Dovish BoE could accelerate the drop.
US Data: Strong NFP or CPI could boost USD strength and help push toward your TPs.
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Bonus Tip – Scaling:
Consider partial profit at TP1 and adjust stop to breakeven for TP2.
Or use a trailing stop once TP1 hits to lock in profits if the move accelerates.
