GBP/USD 1H CHART PATTERNGBP/USDOANDA:GBPUSDTEAM_USA12This chart shows a GBP/USD (British Pound / U.S. Dollar) analysis on a 1-hour timeframe with a bearish setup. Here's a breakdown of what's being indicated: --- Technical Analysis Overview: 🔺 Chart Patterns: A Head and Shoulders pattern has formed (highlighted with triangles), which typically signals a bearish reversal. A breakdown of the neckline occurred around the 1.3500–1.3510 region. 📉 Current Trade Setup: Sell Entry Zone: Around 1.35376. Take Profit (TP): At 1.34603. Stop Loss (SL): At 1.35624. 🔵 Trade Rationale: Price has pulled back to retest the broken neckline, forming a possible lower high. If the price fails to break above resistance, a continuation to the downside is expected. Volume shows increased activity, suggesting traders are engaged at these levels. --- Summary: This is a bearish setup betting on the continuation of the downtrend after a retest of former support (now resistance). The trade idea involves: Risk-to-Reward Ratio: Favorable, as the potential reward (to TP) is greater than the risk (to SL). Confirmation: Watch for bearish candlestick signals before entering to confirm resistance is holding. Let me know if you want this translated into a trade plan or code for automated trading.