GBP/USD Trade Breakdown and Re-Entry Plans – August 6
Currently holding a long position on GBP/USD after a confirmed break of structure on the 2H chart. Price has pushed above internal liquidity and is reacting to early imbalance fill near the 1.3340 region.
Current trade status:
- Long still active
- Partial take-profit executed around 1.3340
- Watching price action near 1.3360 for continuation or rejection
Planned re-entries:
- First re-entry zone: 1.3314 (short-term demand)
- Second re-entry: 1.3269 – 1.3230 (refined order block zone)
- Final mitigation area: 1.3205 if structure remains intact
Focus going forward:
- Price behavior around the next internal high at 1.3360
- Confirmation of bullish intent on lower timeframes at planned zones
- Potential for continuation if NY session respects current market structure
No forecasting. Just reacting to structure, liquidity, and confirmation.
What’s your GBP/USD outlook from here?