GBPUSD Bearish Setup – Rejection at Key Resistance (6H Chart)
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GBPUSD Bearish Setup – Rejection at Key Resistance (6H Chart)
GBPUSD is showing signs of exhaustion near the 1.36000 resistance zone. A lower high and bearish engulfing candle suggest sellers are stepping in.
🔹 Trade Setup:
Sell Entry: 1.35050
Stop Loss: 1.36000
Take Profit 1: 1.34000
Take Profit 2: 1.33100
Take Profit 3: 1.31500
Risk-reward is favorable, especially if price breaks below 1.33500 with momentum. Watch for confirmation on lower timeframes.
📌 Scaling out at TP1/TP2 is advised. Invalidate the setup if price closes above 1.36000 with strength.
#GBPUSD #ForexTrading #PriceAction #FXSetup #BearishReversal #TradingView #TechnicalAnalysis #SwingTrade #6HChart #ForexStrategy
Psychology Always Matters:
GBPUSD Bearish Setup – Rejection at Key Resistance (6H Chart)GBPUSD is showing signs of exhaustion near the 1.36000 resistance zone. A lower high and bearish engulfing candle suggest sellers are stepping in.
🔹 Trade Setup:
Sell Entry: 1.35050
Stop Loss: 1.36000
Take Profit 1: 1.34000
Take Profit 2: 1.33100
Take Profit 3: 1.31500
Risk-reward is favorable, especially if price breaks below 1.33500 with momentum. Watch for confirmation on lower timeframes.
📌 Scaling out at TP1/TP2 is advised. Invalidate the setup if price closes above 1.36000 with strength.
#GBPUSD #ForexTrading #PriceAction #FXSetup #BearishReversal #TradingView #TechnicalAnalysis #SwingTrade #6HChart #ForexStrategy
Psychology Always Matters:
Operación activa
TP1 hit, lock in some profit.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.