GBP/USD: THE 1.35100 WEDGE REJECTION FLUSH! GBP/USDOANDA:GBPUSDLingrid Testing upper wedge resistance near 1.35370! Are you panic-buying into this relief push, or positioning for a test of overhead supply followed by a multi-wave flush to support? ðĪ The British Pound is retesting overhead resistance inside a descending Wedge structure on this 2-hour OANDA chart. GBP/USD is trading around 1.35370, pushing up toward its upper pattern trendline after recovering from recent lows near 1.34750 as institutional sellers line up supply to trigger the next markdown wave down. ððĨ Look closely at the black blueprint trajectory mapping out the coming sessions. The algorithm projects a classic multi-wave rejection and breakdown sequence: âĒ An initial impulse test pushing up into upper Wedge boundary resistance near 1.35400 - 1.35420 to trap late breakout buyers and sweep local liquidity. ðŠĪ âĒ A high-velocity institutional rejection dumping price back down toward the 1.35200 region. ⥠âĒ A brief reflex retest bouncing back up toward 1.35300 to confirm a lower high and absorb remaining retail buy orders. ð âĒ Final acceleration flush driving straight down to hit the primary lower Wedge support floor near 1.35100. ðŊðŧ Maintaining technical patience and discipline remains your ultimate advantage in this setup. Chasing long positions directly under a descending wedge trendline while price prints lower highs is an easy way to get caught on the wrong side of institutional distribution. Professional desks wait for the relief bounce into upper resistance to exhaust before scaling into short positions alongside the primary markdown flow. ð§ââïļ⥠ð Trade Parameters: ð Short Zone: 1.35400 - 1.35450 ð§ą ð Stop-Loss: 2h close above 1.35600 â ð° Take-Profit: 1.35100 ðĐļ The retail crowd attempting to buy this upper wedge test is driving price straight into institutional sell orders. Stay focused, strictly manage your risk, and let the algorithm carry the trade down to our target floor. Maintain your composure through the waves, and we will see you down at the 1.35100 support floor! ðð