GBPUSD - 1:1 Short Setup

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GBPUSD - 1:1 Short SetupGreat Britain Pound vs US DollarVANTAGE:GBPUSDdRends35Before I begin this thread, please note that my account name will be changing to ThinkFastTrading 👍 In late January GBPUSD printed a high volatility shooting star liquidity sweep through resistance. This volatility and liquidity combination suggests momentum has shifted to the downside. In the local structure we have now printed three weekly candles with long upper wicks, showing repeated rejection from higher prices. This indicates significant overhead resistance. While another wick higher is possible, three consecutive rejections is uncommon. The higher probability scenario is that price fails to exceed the highest wick and begins rotating lower. Below current price sits a downside liquidity pool (marked on the chart). This setup recognises resistance above and liquidity below, positioning for a move toward that liquidity area. The exit is placed slightly ahead of the pool to increase the probability of being filled before any reversal. _ Entry: Current Price TP: 1.30136 SL: 1.34772 This is a 1:1 risk-reward trade. Price points based on Vantage broker charts. Not advice