📉 GBP/USD Breakdown After Fake Breakout Trap
Price action formed a fake breakout above the recent resistance near 1.35920, trapping late buyers. Shortly after, a clean breakdown below the ascending trendline confirmed a shift in structure. This move suggests smart money manipulation followed by trend continuation.
✅ Current Setup:
Fake Breakout above resistance
Trendline Breakdown + Retest
Short Bias Active
🎯 Bearish Targets:
Target 1: 1.33368
Target 2: 1.32571
🔎 Waiting for price to stay below trendline with lower highs forming on LTFs (lower timeframes) for extra confirmation.
🧠 Note: This analysis is for educational purposes only. Always use proper risk management and follow your own strategy before entering any trade.
#GBPUSD #Forex #SmartMoney #PriceAction #Breakdown #FXAnalysis #TechnicalAnalysis #TradingView
Price action formed a fake breakout above the recent resistance near 1.35920, trapping late buyers. Shortly after, a clean breakdown below the ascending trendline confirmed a shift in structure. This move suggests smart money manipulation followed by trend continuation.
✅ Current Setup:
Fake Breakout above resistance
Trendline Breakdown + Retest
Short Bias Active
🎯 Bearish Targets:
Target 1: 1.33368
Target 2: 1.32571
🔎 Waiting for price to stay below trendline with lower highs forming on LTFs (lower timeframes) for extra confirmation.
🧠 Note: This analysis is for educational purposes only. Always use proper risk management and follow your own strategy before entering any trade.
#GBPUSD #Forex #SmartMoney #PriceAction #Breakdown #FXAnalysis #TechnicalAnalysis #TradingView
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