GBPUSD TRADE IDEA

GBPUSD (H1) – Short Trade Setup

Based on your chart, a short is reasonable if price rejects the resistance zone around 1.3250–1.3268.

Entry:

• Sell: 1.3250–1.3265 (after bearish confirmation)

Stop Loss:

• 1.3275–1.3280 (above the recent swing high)

Take Profit:

• TP1: 1.3206
• TP2: 1.3160
• TP3: 1.3135 (if bearish momentum accelerates)

Trade Reason

• Price is testing a key resistance/supply zone.
• The overall trend remains bearish despite the recent recovery.
• A rejection from resistance offers a favorable risk-to-reward setup.

Bias: Bearish (Short), but wait for a bearish rejection candle or a break below the most recent H1 higher low before entering.