After successfully capturing the upside move on GBP/USD, price has now reached a key resistance zone where bullish momentum appears to be fading. The recent price action shows signs of exhaustion, with lower highs forming near the top and a noticeable slowdown in buying pressure.
This shift in structure suggests a potential reversal opportunity. I'm now positioning for a short setup, anticipating a corrective move as sellers begin to step in. The risk is clearly defined above the recent highs, with downside targets aligned with previous reaction zones and intraday support levels.
This transition from long to short reflects a dynamic response to evolving market conditions—focused, disciplined, and opportunity-driven.
This shift in structure suggests a potential reversal opportunity. I'm now positioning for a short setup, anticipating a corrective move as sellers begin to step in. The risk is clearly defined above the recent highs, with downside targets aligned with previous reaction zones and intraday support levels.
This transition from long to short reflects a dynamic response to evolving market conditions—focused, disciplined, and opportunity-driven.
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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.