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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.

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Psychology Always Matters:
Two Brains, One Trade: Why You Freeze Under Pressure


Embracing Uncertainty

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TP1 hit, lock in some profit.
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