📉 Pair: GBP/USD
⏱ Timeframe: 4H
🔶 Orange Line = Major S/R Zone
📌 Confirmed Break + Retest
🎯 Profit Locked | Risk Managed
Strategy: Elliott Wave + Parallel Channel + SMC (Break of Structure)
🔶 Status:
Completed Wave 5 inside falling wedge
Sell executed after orange support break
Anticipating accumulation phase > BOS > bullish reversal
📍Key Zones:
Demand zone near 97.455
Resistance near 98.426
🎯 Next Steps: Looking for bullish structure post BOS + Wave 2 pullback.
🔁 Watch for:
Accumulation near lower trendline
Structure shift > Breakout of wedge
Long confirmations in late July – early August
🟢 Plan the trade, trade the plan.
⏱ Timeframe: 4H
🔶 Orange Line = Major S/R Zone
📌 Confirmed Break + Retest
🎯 Profit Locked | Risk Managed
Strategy: Elliott Wave + Parallel Channel + SMC (Break of Structure)
🔶 Status:
Completed Wave 5 inside falling wedge
Sell executed after orange support break
Anticipating accumulation phase > BOS > bullish reversal
📍Key Zones:
Demand zone near 97.455
Resistance near 98.426
🎯 Next Steps: Looking for bullish structure post BOS + Wave 2 pullback.
🔁 Watch for:
Accumulation near lower trendline
Structure shift > Breakout of wedge
Long confirmations in late July – early August
🟢 Plan the trade, trade the plan.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.