GBP/USD Longs to Shorts GBP/USDOANDA:GBPUSDHassan_fxGU has been very bearish recently and is currently reacting from a clean demand zone with multiple confluences. While we may see a short-term push to the upside, I’ll be watching to see if price reaches the 3hr supply zone sitting at a premium level. If price does reach that zone, I’ll be on the lookout for signs of Wyckoff distribution and a slowdown in momentum, which could signal the start of another bearish leg. Confluences for GU Shorts: Overall bearish trend remains intact — this is a pro-trend setup Price may retrace to mitigate a 3hr supply zone Liquidity to the downside still needs to be taken Current demand zone may simply serve as a trigger for a retracement up to supply P.S. If price fails to reach the supply zone and continues dropping, we’ll likely see a new break of structure and the formation of a fresh nearby supply zone, which we can then trade from. Let’s stay sharp and have a profitable trading week ahead! 🔥📊💰