$GBP/USD BEARISH REVERSAL SETUP — RISING WEDGE BREAKDOWN IN SIGHT!

The British Pound is showing signs of exhaustion after forming a rising wedge near the 1.36500 resistance zone. Price action is struggling to break through the marked red supply zone, signaling a potential double top and bearish rejection. The breakdown from the wedge hints at a correction ahead.

🔻 Trade Setup (Short):

Entry: 1.34600 – 1.35500

TP1: 1.32200

TP2: 1.30000

Stop Loss: 1.36700

📉 Market Outlook:

As price approaches strong resistance, momentum weakens. A rising wedge pattern breakdown is likely to drag GBP/USD towards the 0.236 Fib level at 1.32232, and potentially to the 0.382 zone near 1.30013. Watch for confirmation candles before execution.

Risk Management Tip: Use tight SL above resistance and scale in only after a retest rejection.

Sell and trade this wedge breakdown on $GBPUSD before the move accelerates!

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