GBP/USD 30-Minute Bearish Trade Setup & Analysis

200 EMA (Blue) at 1.29285 – Represents long-term trend support/resistance.
30 EMA (Red) at 1.29329 – Represents short-term trend direction.
Trade Setup:
Entry: The trade seems to enter near the 30 EMA after price rejects a resistance zone (highlighted in purple).
Stop Loss: Placed above the resistance zone at around 1.29564 - 1.29568.
Take Profit Levels:
TP1: ~1.29250
TP2: ~1.28996
TP3: Final target at ~1.28827
Market Analysis:
The price has rejected the 30 EMA, signaling potential bearish movement.
The downtrend projection suggests a possible break below 1.29250, aiming for the lower support levels.
The risk-to-reward ratio appears favorable, with a tight stop loss and multiple profit-taking points.
Possible Scenarios:
Bearish Case (High Probability): If price stays below the 30 EMA, it may continue down towards the target points.
Bullish Case (Low Probability): If price breaks above the resistance zone, it could invalidate the short setup, triggering the stop loss.
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