GBPUSD (15M): Trendline Breakdown & Retest Setup | Bearish Move

GBPUSD has shown significant rejection from the 1.3315 highs, breaking cleanly below its ascending trendline with strong bearish momentum.

🔍 **Technical Breakdown:**
- **Trendline Break:** Clear structural breakdown confirmed on the 15-minute timeframe.
- **Resistance Retest:** Price is currently consolidating and retesting the broken support turned into a heavy Resistance Zone (1.3280 – 1.3310).
- **Indicator Confirmation:** Confirmed "Strong Sell" signal printed by the Apex Algo Engine.

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🎯 **Trade Setup & Key Levels:**
- **Entry:** 1.3267 (Current Market Price / Retest Zone)
- **Stop Loss (SL):** 1.3312 *(Strictly placed above swing highs to protect against liquidity sweeps)*
- **Take Profit 1 (TP 1):** 1.3237 *(Top boundary of key Support Zone)*
- **Take Profit 2 (TP 2):** 1.3212 *(Extended runner target)*

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💡 **Trade Management & Rules:**
- Trail Stop Loss to **Breakeven (Entry level)** as soon as **TP 1 (1.3237)** is reached.
- Always use proper position sizing and risk only 1% to 2% of your capital.

*Disclaimer: This is for educational and analysis purposes only. Manage your own risk strictly.*

Trade closed: target reached

Trade closed as all projected targets have been reached.

Outcome Summary:
• Setup: Bearish breakdown and retest from 1.3267 - 1.3275.
• Target 1: 1.3237 reached (+30 pips).
• Target 2: 1.3212 reached (+55 pips).
• Downward momentum extended toward the 1.3180 level.

The planned risk-to-reward ratio has been fully achieved. Closing the trade setup based on technical price action rules.

AlgoChief

For access & queries: algochiefsupport@gmail.com

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Disclaimer

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AlgoChief

For access & queries: algochiefsupport@gmail.com

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