GBPUSD 4H – Short Bias from Supply Zones

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GBPUSD 4H – Short Bias from Supply ZonesGBP/USDOANDA:GBPUSDSelena_FX_TraderPrice is currently trading within a range structure, reacting between clearly defined resistance (premium) and support (discount) zones. 🧠 Key Observations: Market is respecting a range-bound structure Multiple rejections from resistance zones (1.3450 – 1.3550) Current price is sitting in mid-range, not an ideal entry yet Lower highs suggest weak bullish momentum No strong breakout → likely continuation within range ⚠️ Short Idea (Educational Setup): Preferred Entry Zone: 🔴 1.3450 – 1.3500 (first resistance) 🔴 1.3500 – 1.3550 (higher supply zone) Invalidation: Sustained break and hold above 1.3550 Targets: 🎯 1.3350 (mid-range liquidity) 🎯 1.3250 (range support) 🎯 1.3200 (extended support) 🔍 Confirmation to Watch (Lower TF – M15/M5): Liquidity sweep above resistance Bearish CHoCH / MSS Displacement + FVG entry 💡 Narrative: Price appears to be rotating within the range, and current structure suggests that moves into premium zones may offer short opportunities, especially if we see signs of exhaustion. Right now, price is not in an optimal short zone, so patience is key. ⚡ Risk Note: This is a probability-based idea for educational purposes only. Always wait for confirmation and apply proper risk management (≤1%).