GBPUSD: High-Probability Short From Key Resistance
GBPUSD (British Pound / US Dollar) – 1H Resistance Rejection Setup
Price has rally-tested the key Resistance Area (1.3480 - 1.3500) and is showing clear rejection signs on the 1H timeframe. The overall bias is leaning bearish while price stays below this key supply level.
Trade Plan:
• Entry: Market Price / Below 1.3450
• Stop Loss: 1.3510
• Take Profit 1: 1.3360
• Take Profit 2: 1.3250
Invalidation: A strong 1H candle close above 1.3500 will invalidate this bearish setup.
Note: Always practice proper risk management. This analysis is for educational purposes only.