GBPUSD REPEATATION OF STRUCTURE

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GBPUSD REPEATATION OF STRUCTUREBritish Pound / U.S. DollarFOREXCOM:GBPUSDThEDeViL18Price has swept liquidity into a key resistance zone, completing an L-Sweep and tapping into an area where sellers may become active. The market is currently approaching a previous supply region, making this a high-interest location for a potential bearish reaction. Rather than entering immediately, the preferred confirmation would be a clear bearish pattern such as a bearish engulfing candle, market structure shift, or strong rejection from the highlighted supply zone. If sellers step in and a bearish confirmation forms after the liquidity sweep, the downside target would be the recent lows and internal liquidity resting below current price. However, if price continues higher and breaks above the first supply zone without rejection, then the next supply area above becomes the primary level of interest, effectively providing a double-supply scenario before looking for short opportunities. Patience is key here—wait for bearish confirmation after the sweep before considering any sell setup.