GBPUSD – MY TECHNICAL ANALYSIS (DAILY / WEEKLY + 1H)

May 4

📊 GBPUSD – MY TECHNICAL ANALYSIS (DAILY / WEEKLY + 1H)

Pair: GBPUSD
Timeframe: Daily / Weekly + 1H
Date: May 4, 2026

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📍 HIGHER TIMEFRAME STRUCTURE (DAILY / WEEKLY)
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✅ BULLISH FLAG PATTERN confirmed on DAILY and WEEKLY timeframes.
This is a strong continuation pattern.

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📌 KEY LEVELS (MANUAL)
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🔴 RESISTANCE 1 (TP1): 1.36570
🔴 RESISTANCE 2 (TP2): 1.37600

🟢 KEY LEVEL / DECISION ZONE: 1.35750

🟢 DEMAND / FVG ZONE: Below 1.35750 (liquidity area)

🔻 SELL TARGET (Support): 1.34580

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🟢 BULLISH SCENARIO (BUY SETUP) – 1H TIMEFRAME
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📌 CONDITIONS (MUST HAPPEN IN ORDER):

1️⃣ Price reaches FVG + DEMAND zone
2️⃣ Liquidity is grabbed (stop hunt)
3️⃣ Price stabilizes ABOVE 1.35750
4️⃣ Bullish CHOC (Change of Character) OR BOS confirmed on 1H

✅ BUY SETUP (after retest to DEMAND zone):

Entry: On pullback to DEMAND zone / FVG
Stop Loss: 1.35400
Take Profit 1: 1.36570 (Resistance 1)
Take Profit 2: 1.37600 (Resistance 2)

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🔻 BEARISH SCENARIO (SELL SETUP) – 1H TIMEFRAME
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📌 CONDITIONS (MUST HAPPEN IN ORDER):

1️⃣ Price reaches BELOW 1.35750
2️⃣ Price stabilizes BELOW 1.35750
3️⃣ Bearish BOS (Break of Structure) confirmed on 1H

✅ SELL SETUP (after retest to SUPPLY zone):

Entry: On pullback to SUPPLY zone (after breakdown)
Stop Loss: 1.36000
Take Profit 1: 1.34580 (Support)

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📌 SUMMARY OF MY SETUP
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🟢 BUY:
Condition: FVG/DEMAND liquidity grab + above 1.35750 + CHOC/BOS
Entry: Pullback to DEMAND zone
SL: 1.35400
TP: 1.36570 → 1.37600

🔻 SELL:
Condition: Below 1.35750 + bearish BOS + retest to SUPPLY
Entry: Pullback to SUPPLY zone
SL: 1.36000
TP: 1.34580

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🧠 MY BIAS
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Higher timeframe (Daily/Weekly) = BULLISH (Bull Flag)
I prefer BUY setups aligned with HTF trend.

However, I also have a SELL plan if structure breaks down.

I wait for:
- Liquidity grab
- CHOC / BOS confirmation
- Retest before entry

NO CHASE. ONLY CONFIRMATION.

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🏷️ TAGS
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#GBPUSD #Forex #BullFlag #Daily #Weekly #1H #CHOC #BOS #FVG #DemandZone #SupplyZone #PriceAction

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⚠️ NOTICE
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My personal analysis based on my drawn levels and structure.
Not financial advice. DYOR.

May 21

Trade closed manually