GBPUSD Double top pattern and descending triangle pattern

6 May

GBPUSD 4H Analysis – Bearish Setup

The pair has formed a double top and a descending triangle, indicating strong bearish momentum. After a consolidation phase, price has broken down through the demand zone near 1.32400, confirming the bearish breakout.

Entry Zone:
Breakdown below 1.32400 (descending triangle support)

Technical Targets:📌📌

🎯1st Target: 1.31600

🎯2nd Target: 1.30100


#Key Support Levels:

#1.28800

#1.28500

#1.27600

#1.27200


#Bias: Strong Sell
#Timeframe: 4H

#Watch for retests of the breakdown zone for potential entry confirmation.

9 May

İşlem aktif

GBPUSD Trade Update – 4H Timeframe

Second entry level has been touched after the confirmed breakdown of the demand zone at 1.32400. Price action continues to respect the descending triangle structure and bearish momentum remains strong.

Current Status:

Breakdown confirmed

Second entry triggered

Trade in progress, watching target levels


Technical Targets:

1st Target: 1.31600

2nd Target: 1.30100


Holding the position as price continues toward the projected levels.

13 May

Not

GBP/USD Trade Update – 4H Timeframe

1st Target Successfully Hit!
The trade has reached the first target at 1.31600, delivering 80+ pips in profit. Bearish momentum remains intact as price follows through the descending triangle structure.

Current Status:

1st Target: HIT (1.31600)

Profit: 80+ pips

Next Target: 1.30100

Trade still running — continuing to watch price action as we approach the next target level.

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15 May

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