GBPUSD 4H — The Story Behind the SMT & Bearish Reaction

GBPUSD 4H — The Story Behind the Move

Price pushed higher into a key area, where we could clearly see SMT forming at the highs.

That move didn’t hold.

Instead, price showed a bearish reaction from the top, suggesting that buyers were losing control.

Now the market is shifting into a new phase.

I’m watching for a pullback into a 4H bearish order block — a zone where sellers may step in again.

What makes this level important is the confluence:
the order block aligns with a bearish FVG, and the previous low has already been broken, leaving liquidity resting below.

If price trades back into this zone, I’ll be waiting for lower timeframe confirmation to enter short positions.

The target remains the liquidity below.

If price fails to respect this area and continues higher, then the story changes.

For now, the bias remains bearish.