CHANNELBritish Pound vs US DollarPEPPERSTONE:GBPUSDFX-WHYTEGBPUSD H1 – Structure-Based Move | Channel Breakdown & Continuation Setup Price initially respected a well-defined ascending channel, showing clean bullish structure with higher highs and higher lows. The impulsive move into the premium zone led to exhaustion, followed by a sharp bearish displacement breaking the channel structure. After the breakdown, price entered a corrective phase, forming a minor bullish channel within the larger bearish context. This indicates a potential retracement rather than a full trend reversal. Key levels in play: 1.3205 (Predator Zone): Reaction area where sellers may re-enter the market 1.3179: Strong support – if broken, confirms bearish continuation 1.3280 (Take Profit zone): Target for short-term bullish retracement Bias: Short-term: Bullish retracement within a bearish structure Mid-term: Bearish continuation expected after pullback completion Plan: Looking for price to complete the retracement into resistance/premium before continuation to the downside. Clean structure and patience remain key. Reminder: Patience | Discipline | Fearless | Confidence Take profits based on structure, not emotion.