GBPUSD continues to trade within a broad descending channel on the 4H timeframe. Price is approaching a well-defined supply zone that aligns with the upper red trendline resistance.
📉As long as this area holds, sellers are expected to step in, making it a high-probability zone to look for short setups.
A rejection from this level could push price back toward the lower boundary of the channel, keeping the bearish structure intact. Traders should stay cautious and watch for confirmation signals before engaging.
⚠️ Always remember: patience pays. Let the market come to you.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📉As long as this area holds, sellers are expected to step in, making it a high-probability zone to look for short setups.
A rejection from this level could push price back toward the lower boundary of the channel, keeping the bearish structure intact. Traders should stay cautious and watch for confirmation signals before engaging.
⚠️ Always remember: patience pays. Let the market come to you.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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Trusted Crypto Prop Firm
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Trusted Crypto Exchange
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Trusted CFD Broker
cutt.ly/TickmillReal
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.