📉 GBP/USD 4H Chart Analysis
Pattern Identified: Bearish Flag Pattern
Timeframe: 4-Hour (4H)
Currency Pair: GBP/USD
🔍 Chart Explanation:
This chart illustrates a classic Bearish Flag Pattern, which is a continuation pattern signaling a potential further decline in price after a temporary consolidation.
Downtrend Leg (Flagpole):
The strong and sharp bearish move on the left side of the chart forms the flagpole, indicating aggressive selling pressure.
Consolidation (Flag Formation):
Price enters a rising channel (the flag) which reflects a short-term corrective phase or pullback. This consolidation occurs within the Resistance Zone, suggesting weakening bullish momentum.
Resistance Zone:
Marked in blue, this zone is where the price struggled to break above, and it acts as a ceiling. Rejection from this zone confirms bearish pressure and increases the likelihood of a breakdown.
Breakdown & Target Levels:
The chart shows that price has broken out downward from the flag pattern, triggering a continuation of the prior downtrend.
Two important support levels are highlighted:
🔸 1st Support: 1.33449 – This is the immediate target where price may pause or react.
🔸 2nd Support: 1.32408 – This is the extended target if selling pressure continues.
Ichimoku Cloud (Background):
The cloud behind the price action represents market sentiment. The red cloud suggests a bearish bias aligning with the flag pattern breakdown.
🧠 Technical Summary:
This setup favors a sell-side outlook. The rejection from resistance within a bearish flag and subsequent breakdown confirm bearish momentum. Traders may look for selling opportunities below the flag breakdown with targets at the mentioned support zones.
Pattern Identified: Bearish Flag Pattern
Timeframe: 4-Hour (4H)
Currency Pair: GBP/USD
🔍 Chart Explanation:
This chart illustrates a classic Bearish Flag Pattern, which is a continuation pattern signaling a potential further decline in price after a temporary consolidation.
Downtrend Leg (Flagpole):
The strong and sharp bearish move on the left side of the chart forms the flagpole, indicating aggressive selling pressure.
Consolidation (Flag Formation):
Price enters a rising channel (the flag) which reflects a short-term corrective phase or pullback. This consolidation occurs within the Resistance Zone, suggesting weakening bullish momentum.
Resistance Zone:
Marked in blue, this zone is where the price struggled to break above, and it acts as a ceiling. Rejection from this zone confirms bearish pressure and increases the likelihood of a breakdown.
Breakdown & Target Levels:
The chart shows that price has broken out downward from the flag pattern, triggering a continuation of the prior downtrend.
Two important support levels are highlighted:
🔸 1st Support: 1.33449 – This is the immediate target where price may pause or react.
🔸 2nd Support: 1.32408 – This is the extended target if selling pressure continues.
Ichimoku Cloud (Background):
The cloud behind the price action represents market sentiment. The red cloud suggests a bearish bias aligning with the flag pattern breakdown.
🧠 Technical Summary:
This setup favors a sell-side outlook. The rejection from resistance within a bearish flag and subsequent breakdown confirm bearish momentum. Traders may look for selling opportunities below the flag breakdown with targets at the mentioned support zones.
Trade active
Trade Active: GBP/USD 4H Bearish Flag BreakdownThe price has broken below the Bearish Flag Pattern and Resistance Zone, confirming a bearish continuation. Trade is now active, aiming for the first support at 1.33349, followed by the second support near 1.3240. Momentum favors sellers as long as price stays below the flag structure.
Note
📉 GBP/USD 4H Analysis UpdateFirst Support Level Successfully Hit ✅
Price respected the bearish flag breakdown and moved precisely to the initial support zone, indicating strong downside momentum.
🔍 Keep monitoring for potential continuation towards the 2nd support.
Trend: Bearish
Next Key Zone: 1.2390 (2nd Support)
⚠ Stay disciplined and manage your risk.
Trade closed: target reached
Targets Reached:GBP/USD Bearish Flag Success
The Bearish Flag pattern delivered a textbook breakdown! ✅
Both 1st Target (1.33349) and 2nd Target (1.32408) have been successfully hit, locking in a strong bearish move.
Clean breakout, solid technical play, and full profit booked! 📉💰
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 For More Setups & Updates —
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.