GBPUSD: Heading Down to the Bottom of the Flag

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GBPUSD: Heading Down to the Bottom of the FlagBritish Pound/US DollarFX:GBPUSDMH_QuanGBPUSD is currently unfolding a classic manipulation flag structure. After a deceptive consolidation phase, price action is now showing signs of weakness—suggesting we're heading down to revisit the bottom of the flag before any meaningful breakout or reversal. 🔍 Technical Breakdown - Flag Formation: Price has been consolidating in a tight range, forming a flag that looks bullish on the surface—but context matters. - Manipulation Phase: This flag appears engineered to trap breakout traders. The real move is likely downward, targeting liquidity at the base of the structure. - Bearish Momentum: Recent candles show rejection and fading bullish pressure, supporting the idea of a drop toward the flag’s lower boundary. 📈 Trade Outlook - Short Bias: I'm watching for price to sweep the bottom of the flag. If momentum continues, we could see a breakdown and continuation lower. - Confirmation Needed: A clean break and retest of the flag’s base would confirm bearish intent. - Invalidation: If price reclaims the flag’s midpoint with strength, the manipulation thesis may be off. 🧠 Final Thoughts This setup is all about timing and patience. The flag is a trap—and we’re heading down to spring it. I’m watching closely for signs of exhaustion and reversal once price reaches the bottom.