British Pound (GBPUSD) — H4 ABC Structure FormatioBritish Pound/US DollarFX:GBPUSDNewOneCryptoBritish Pound / U.S. Dollar (GBPUSD) — H4 ABC Structure Formation + Trendline Rebound (Bearish Continuation) 🔎 Market Structure (H4) On the H4 timeframe, GBPUSD is forming an ABC corrective structure within a broader bearish context. The current setup favors continuation to the downside, confirmed by: completion of the corrective A–B–C sequence near local resistance rejection from the descending trendline failure to hold above the recovery structure after the local bounce renewed bearish pressure after wave C completion This setup fits a classic corrective continuation model, where price completes an ABC retracement and then resumes movement in the direction of the main trend. 📐 Pattern Context Prior move: bearish impulse leg Current phase: corrective ABC structure Expected leg: downside continuation after rejection from the trendline and completion of wave C 📌 Key principle: The bearish scenario remains valid as long as price stays below the high of wave C. 📍 Entry Entry: 1.33943 The entry is positioned: near the rejection zone after the ABC correction below the descending trendline inside the continuation activation area after wave C completion 🎯 Target Levels (Projected Downside Zones) Targets are derived from projected continuation levels and key support / reaction zones: TP1: 1.33101 TP2: 1.32009 TP3: 1.31082 TP4: 1.30227 Each target represents a potential reaction zone and a logical level for partial profit-taking as the bearish leg develops. 🛑 Invalidation / Stop Loss Stop Loss: 1.34674 📍 The stop is placed above the high of wave C, which: invalidates the ABC bearish continuation setup if breached signals that the correction is extending into a more complex bullish structure protects against a false rejection and upside breakout 🧠 Risk & Trade Management Trend-continuation setup ABC structures can produce temporary fakeouts before continuation fully develops. Recommended approach: partial profits at TP1 / TP2 move stop to breakeven after a clean bearish continuation is confirmed avoid increasing risk before downside momentum is clearly restored confirmation improves if price remains below the trendline and prints strong bearish H4 closes 📌 Summary GBPUSD on H4 is forming an ABC corrective structure and reacting from the descending trendline, favoring bearish continuation. The scenario remains valid below 1.34674, with downside targets at 1.33101 → 1.32009 → 1.31082 → 1.30227.