In my previous analysis on 
GBPUSD , I highlighted the 1.3600 zone as a key resistance area that could trigger a reversal and open the way towards 1.3200.
I initially took a short position, but as the buying pressure persisted, I closed the trade with a 40-pip loss and stepped aside, keeping my medium-term bearish view unchanged.
That decision proved correct: yesterday the pair spiked to a local high at 1.3727, only to reverse sharply and leave behind a long-tailed bearish Pin Bar — a strong technical signal of rejection at the highs.
My bias remains the same: I expect the market to eventually move lower and test the 1.3200 area.
📉 Trading Plan: I will look to sell rallies, with confirmation of downside acceleration coming on a break back below 1.3550.
GBPUSD , I highlighted the 1.3600 zone as a key resistance area that could trigger a reversal and open the way towards 1.3200.I initially took a short position, but as the buying pressure persisted, I closed the trade with a 40-pip loss and stepped aside, keeping my medium-term bearish view unchanged.
That decision proved correct: yesterday the pair spiked to a local high at 1.3727, only to reverse sharply and leave behind a long-tailed bearish Pin Bar — a strong technical signal of rejection at the highs.
My bias remains the same: I expect the market to eventually move lower and test the 1.3200 area.
📉 Trading Plan: I will look to sell rallies, with confirmation of downside acceleration coming on a break back below 1.3550.
Trade attivo
Broke under confluence support as expected
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.