GBPUSD Trading Analysis, SL TP

📊 H4 Analysis — Trend & Structure

The H4 chart shows a clear downtrend with lower highs/lows since late October. Current price action is a retracement to the 20-SMA and pivot zone (1.3140–1.3180). Oscillators (RVI & RSI) are flattening, hinting at weakening bullish momentum — perfect for selling into resistance.

⏱ M15 Analysis — Entry & Confirmation

On M15, GBP/USD is below pivot (1.3146) with repeated rejections at the resistance band. Bollinger upper band and 200 EMA act as confluence resistance. Wait for a bearish engulfing or pin bar rejection before entry confirmation. Ideal entry is after RVI crosses below signal and RSI dips under 50.

🧩 Support & Resistance Levels

• 🔺 1.3190 – Resistance / SL zone (R1 + swing high)
• ⚙️ 1.3140–1.3160 – Entry resistance (Pivot + structure)
• 🟩 1.3100 – TP1 (S1 minor support)
• 🟦 1.3060 – TP2 (H4 mid-support)
• 🟥 1.3020 – TP3 (H4 swing low / S2)

⚙️ Risk Management Tips

• 💡 Risk 1–2% of account max per trade.
• 🛡 Move SL to break-even once TP1 hits.
• 📊 Scale-out: 50% at TP1, 25% at TP2, remainder at TP3.
• 🚫 Avoid major news (BOE, US CPI, FOMC).