The British Pound has decisively broken below its trading range following a textbook liquidity grab and Fair Value Gap (FVG) rejection — signaling strong bearish momentum.
Key Observations:
Liquidity Zone: Price swept highs near ~1.3820 before reversing — classic trap.
Multiple Consolidation Phases:
First consolidation formed a distribution top.
Second range acted as a base for a breakdown
Fair Value Gap (FVG): Small imbalance at the breakdown point added confluence to the bearish move.
Sharp Selloff: Strong bearish impulse now aiming toward support zone near 1.3400.
Next Steps:
Bearish Bias remains while price stays below the FVG zone (~1.3580).
Short Opportunities: Look for pullbacks into the range or imbalances for entries.
Support Area to Watch: 1.3400 zone — potential reaction expected there.
Summary:
GBP/USD has completed a clean distribution phase with a sharp breakdown, driven by liquidity manipulation and imbalance rejection. Expect further weakness unless buyers defend key support.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
Key Observations:
Liquidity Zone: Price swept highs near ~1.3820 before reversing — classic trap.
Multiple Consolidation Phases:
First consolidation formed a distribution top.
Second range acted as a base for a breakdown
Fair Value Gap (FVG): Small imbalance at the breakdown point added confluence to the bearish move.
Sharp Selloff: Strong bearish impulse now aiming toward support zone near 1.3400.
Next Steps:
Bearish Bias remains while price stays below the FVG zone (~1.3580).
Short Opportunities: Look for pullbacks into the range or imbalances for entries.
Support Area to Watch: 1.3400 zone — potential reaction expected there.
Summary:
GBP/USD has completed a clean distribution phase with a sharp breakdown, driven by liquidity manipulation and imbalance rejection. Expect further weakness unless buyers defend key support.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
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