Skeptic | GBP/USD Analysis: Breakout Triggers in the Box!

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Hey everyone, Skeptic here! GBPUSD has been killing it with a solid uptrend but now it’s chilling in a correction phase, trapped in a box range. A break above or below this box could light up some epic triggers, so let’s dive into a multi-timeframe analysis to get the full picture.

🧠 Starting with the Daily Timeframe
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we’re riding a powerful upward channel where price has been dancing perfectly with the ceiling, floor, and midline. We’ve nabbed some sweet trades from this setup before! After hitting resistance at 1.35576, we slipped into a time-based correction.

Here’s the daily breakdown:
  • If the box floor at 1.35002 cracks, we could slide to 1.34173, hitting the 0.382 Fibonacci retracement—a legit first support zone. 🎯
  • If we bust through the ceiling, the channel’s midline is our next target. But with lower highs forming, I’m betting on a deeper correction for now. 📉

With that intel, let’s zoom into the 4-Hour Timeframe for our main long and short triggers. 🔥
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For longs, a break above 1.35576 is our golden ticket, with a stop loss below the box. Want a quicker R/R and early profits? Set a tighter stop below the 1H or 15-minute floor that forms. 💸 For shorts, we can play with a smaller stop loss. I’d jump in after breaking support at 1.35002, with a stop loss at 1.35464 if we go bearish from here. If we test the box ceiling again before breaking the floor, the stop loss sits above the box. 🚨 Heads-up: longs are riskier based on the daily clues. As always, do your own research, steer clear of FOMO, and never forget—capital management and stop losses are your market lifelines. Nobody shouts about those enough! A single trade, good or bad, won’t make or break your long-term game, so skip the emotional drama and grind on your strategy and psychology.

💬 Let’s Talk!
If this recap got your gears turning, smash that boost—it means a lot! 😊 Got a pair or setup you want me to tackle next? Drop it in the comments. Thanks for vibing with me—keep trading sharp! ✌️

Penafian

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