🔻 Potential Disruptions to the Bullish Scenario:
1. False Breakout Risk at the Resistance Zone
The price is hovering near a horizontal resistance zone (red box).
Repeated wicks at this level suggest selling pressure.
If price breaks above slightly and then pulls back inside the range, it could be a bull trap, triggering a sharp drop (red arrow).
2. Weak Follow-Through on Volume
Recent bullish candles show no increase in volume.
This hints at lack of conviction among buyers, increasing the chance of a reversal rather than continuation.
3. Bearish Divergence Possibility
If we applied RSI or MACD here, there’s a high chance of bearish divergence forming (price making higher highs, while indicators show lower highs), signaling potential reversal pressure.
4. Upcoming U.S. News Events
U.S. economic announcements (indicated by icons) could strengthen the USD, causing GBP/USD to drop suddenly despite the bullish technical structure.
5. Bearish Candlestick Pattern Forming
If the current or next candle closes as a shooting star, evening star, or bearish engulfing, it would be a classic reversal pattern from resistance.
6. Liquidity Grab Above Highs
Market makers may push the price above resistance to trigger stop-losses and induce longs, then reverse—classic liquidity hunt scenario.
1. False Breakout Risk at the Resistance Zone
The price is hovering near a horizontal resistance zone (red box).
Repeated wicks at this level suggest selling pressure.
If price breaks above slightly and then pulls back inside the range, it could be a bull trap, triggering a sharp drop (red arrow).
2. Weak Follow-Through on Volume
Recent bullish candles show no increase in volume.
This hints at lack of conviction among buyers, increasing the chance of a reversal rather than continuation.
3. Bearish Divergence Possibility
If we applied RSI or MACD here, there’s a high chance of bearish divergence forming (price making higher highs, while indicators show lower highs), signaling potential reversal pressure.
4. Upcoming U.S. News Events
U.S. economic announcements (indicated by icons) could strengthen the USD, causing GBP/USD to drop suddenly despite the bullish technical structure.
5. Bearish Candlestick Pattern Forming
If the current or next candle closes as a shooting star, evening star, or bearish engulfing, it would be a classic reversal pattern from resistance.
6. Liquidity Grab Above Highs
Market makers may push the price above resistance to trigger stop-losses and induce longs, then reverse—classic liquidity hunt scenario.
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
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.
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
𝙁𝙤𝙧𝙚𝙭 𝙩𝙧𝙖𝙙𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙧𝙞𝙚𝙣𝙘𝙚 𝙩𝙚𝙖𝙢 ☺️ 𝙢𝙖𝙣𝙖𝙜𝙚 𝙮𝙤𝙪𝙧 𝙖𝙘𝙘𝙤𝙪𝙣𝙩 𝙢𝙖𝙠𝙞𝙣𝙜 𝙢𝙤𝙣𝙚𝙮 🤑💰
t.me/gold_free_signals1
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.