Testing lower flag support near 1.35375! Are you panic-buying this minor pause, or positioning for the multi-wave drop to the 1.35100 channel floor? 🤔
The British Pound is breaking down from a localized consolidation channel on this 1-hour OANDA chart. GBP/USD is trading around 1.35375, slicing below its recent bear flag structure and gathering downside momentum after failing to sustain higher levels within the larger ascending channel. 📉💥
Look closely at the black blueprint trajectory mapping out the coming sessions. The algorithm projects a classic multi-wave breakdown and markdown sequence:
• A localized impulse drop pushing price down toward the 1.35200 region. ⚡
• A brief reflex retest bouncing back up toward 1.35300 - 1.35350 to test broken flag support as new resistance. 🪤
• Final acceleration flush driving straight down to test the primary lower trendline support of the macro channel near 1.35100. 🎯🔻
Maintaining technical patience and discipline remains your ultimate edge in this setup. Trying to force long positions directly following a fresh breakdown below local channel support is an easy way to get caught on the wrong side of institutional distribution. Professional desks wait for any relief bounce into broken support to exhaust before scaling into short positions alongside the primary markdown flow. 🧘♂️⚡
🛠 Trade Parameters:
🛒 Short Zone: 1.35300 - 1.35400 🧱
🛑 Stop-Loss: 1h close above 1.35550 ❌
💰 Take-Profit: 1.35100 🩸
The retail crowd attempting to buy this breakdown is driving price straight into institutional sell orders. Stay focused, strictly manage your risk, and let the algorithm carry the trade down to our target floor.
Maintain your composure through the waves, and we will see you down at the 1.35100 support floor! 🚀💎
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.