🚨 GBPUSD Analysis (1 Day Timeframe)
Market is currently approaching a key supply zone that has been previously marked on the chart 📊
📊 Current Structure:
Price is moving into the supply area, where selling pressure is expected based on past price action.
🔍 Key Observation:
If we get a clear bearish pattern (like lower high / strong rejection / bearish engulfing) on the daily timeframe, it can confirm a potential downside move.
💡 Trading Plan:
👉 Wait for confirmation
👉 If bearish pattern forms → Look for SELL opportunity around 1.3000 level 📉
👉 No confirmation → Stay out (No trade)
⚠️ Risk Management:
Follow a strict 1:2 risk-to-reward ratio and always use a stop-loss. Avoid emotional trading.
🔥 Pro Tip:
“Confirmation is better than prediction.”
📌 Chart attached for reference.
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