GBPUSD Double top pattern and descending triangle pattern

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.
Dagangan aktif
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.
Nota
GBP/USD Trade Update – 4H Timeframe1st 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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free forex gold and crypto currency signals And Technical analysis started your journey with us
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free forex gold and crypto currency signals And Technical analysis started your journey with us
t.me/+h9QmoO36xFs1ZTk0
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.