GBPUSD is forming a Potential Bullish Reversal pattern

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Price formed a Potential Falling Wedge pattern with a waiting for break of LH as current Temporary Resistance.

• ✅ Entry is triggered only after a confirmation candle breaks above the LH.
• Buy Stop is placed to catch the momentum move.
• Stop Loss is at the recent lower Low (safe and logical placement).
• 🎯 Take Profit levels are based on measured move projections.

Trade Plan:
• Buy Stop = 1.34774
• Stop Loss = 1.33889
• Take Profit 1: 1.35637
• Take Profit 2: 1.36596
• Lot size : 1:2 Risk Reward Ratio

“Waiting for Lower High to break with Bullish confirmation candle” – this ensures you enter only on strong momentum.

GBPUSD is forming a Potential Bullish Reversal pattern with clear structure. A break of the neckline confirms the setup

Key Highlights:
• ✅ Pattern: Falling Wedge
• ⚠️ Confirmation: Break + Bullish candle
• 🔄 Risk Management: Tight SL, 2 TP levels
• 🧩 Confluence: Trendline Bounce + structure shift + RSI Divergence

Penafian

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