GBP/USD Short Setup Analysis
GBP/USD Short Setup Analysis
Timeframe: 1H
Bias: Bearish
Overview:
This idea focuses on a potential short setup in GBP/USD based on recent structural behavior, supply and demand zones, and a strong bearish bias following a Break of Structure (BoS).
Key Analysis:
Break of Structure (BoS):
We have two clear BoS points on the chart, indicating a shift in market direction as price continues to form lower highs and lower lows. This pattern is reinforcing our bearish outlook.
Supply Zone:
Price has entered a marked supply zone near the 1.3000 level, highlighted in red. This area represents a high probability for sellers to take control and push the price downward.
Stop-loss is placed slightly above this zone (around 1.3005), minimizing risk in case of an unexpected bullish breakout.
Demand Zone:
The demand zone (highlighted in blue) is positioned below the current price action, around the 1.2845 level. This area is where buyers may step in, making it a key target level for this setup.
Entry, Target, and Stop-Loss:
Entry: Around the 1.2995 - 1.3000 supply area.
1st Take-Profit (TP): Set around the 1.2920 level for a conservative profit target.
Final Target: The final target is located at 1.2845, aligning with the demand zone and potential reversal point.
Stop-Loss: Placed at 1.3005, just above the supply zone to ensure controlled risk.
Trade Summary:
This setup provides a high-risk-reward ratio as it capitalizes on the bearish momentum and market structure shifts. Entering at the supply zone with targets set at key structural levels allows for both a conservative and a more aggressive take-profit approach.
Risk Management:
As always, use proper risk management. Adjust your position size according to your risk tolerance.
Let’s see how the setup unfolds!
If this idea aligns with your analysis, please feel free to like or share! Happy trading!
#GBPUSD #Forex #SupplyAndDemand #BreakOfStructure #ShortSetup
Timeframe: 1H
Bias: Bearish
Overview:
This idea focuses on a potential short setup in GBP/USD based on recent structural behavior, supply and demand zones, and a strong bearish bias following a Break of Structure (BoS).
Key Analysis:
Break of Structure (BoS):
We have two clear BoS points on the chart, indicating a shift in market direction as price continues to form lower highs and lower lows. This pattern is reinforcing our bearish outlook.
Supply Zone:
Price has entered a marked supply zone near the 1.3000 level, highlighted in red. This area represents a high probability for sellers to take control and push the price downward.
Stop-loss is placed slightly above this zone (around 1.3005), minimizing risk in case of an unexpected bullish breakout.
Demand Zone:
The demand zone (highlighted in blue) is positioned below the current price action, around the 1.2845 level. This area is where buyers may step in, making it a key target level for this setup.
Entry, Target, and Stop-Loss:
Entry: Around the 1.2995 - 1.3000 supply area.
1st Take-Profit (TP): Set around the 1.2920 level for a conservative profit target.
Final Target: The final target is located at 1.2845, aligning with the demand zone and potential reversal point.
Stop-Loss: Placed at 1.3005, just above the supply zone to ensure controlled risk.
Trade Summary:
This setup provides a high-risk-reward ratio as it capitalizes on the bearish momentum and market structure shifts. Entering at the supply zone with targets set at key structural levels allows for both a conservative and a more aggressive take-profit approach.
Risk Management:
As always, use proper risk management. Adjust your position size according to your risk tolerance.
Let’s see how the setup unfolds!
If this idea aligns with your analysis, please feel free to like or share! Happy trading!
#GBPUSD #Forex #SupplyAndDemand #BreakOfStructure #ShortSetup
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