GBP/USD Bearish Reversal Pattern Detected 🔻🦈
The chart illustrates a potential bearish Gartley pattern formation near the 1.3736 resistance zone, which has historically triggered price rejections (red arrows).
🔍 Key Observations:
📌 Price action completed a bearish harmonic pattern, suggesting a reversal setup.
💡 Multiple rejections at the upper resistance zone (1.3730–1.3780) highlight strong selling pressure.
📉 Break of trendline support confirms shift in structure.
🟠 Historical support zones (orange circles) now align with the projected target level: 1.3512.
🔽 A clean breakdown below 1.3650 could accelerate bearish momentum toward the target.
🎯 Target: 1.35124
🛑 Resistance: 1.3730–1.3780
✅ Support: 1.3510–1.3550 zone
The chart illustrates a potential bearish Gartley pattern formation near the 1.3736 resistance zone, which has historically triggered price rejections (red arrows).
🔍 Key Observations:
📌 Price action completed a bearish harmonic pattern, suggesting a reversal setup.
💡 Multiple rejections at the upper resistance zone (1.3730–1.3780) highlight strong selling pressure.
📉 Break of trendline support confirms shift in structure.
🟠 Historical support zones (orange circles) now align with the projected target level: 1.3512.
🔽 A clean breakdown below 1.3650 could accelerate bearish momentum toward the target.
🎯 Target: 1.35124
🛑 Resistance: 1.3730–1.3780
✅ Support: 1.3510–1.3550 zone
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.