GBPUSD Short Setup Analysis(READ CAPTION)

GBPUSD Short Setup Analysis
The chart shows a bearish continuation setup after a strong bullish move, with price now compressing below a key resistance zone.
Market Structure
Price recently made a strong impulsive move upward, indicating bullish momentum.
After the push, price entered a consolidation / corrective phase forming a descending channel (bear flag structure).
This type of structure often signals continuation to the downside once support breaks.
Key Levels
Resistance: 1.35945
→ Major supply zone where sellers are expected to defend aggressively.
Short Resistance: 1.35548 – 1.35461
→ Intraday rejection zone / ideal area for short entries.
Support: 1.35034
→ Breakdown level; a clean break confirms bearish continuation.
Target Point: 1.34529
→ Measured move target based on structure projection.
Trade Idea
Bias: Bearish below short resistance
Entry Options:
Rejection from 1.3550 zone
OR breakout below 1.3503 support with confirmation
Stop Loss: Above 1.3595 (structure invalidation)
Take Profit:
TP1: 1.3503 (support test)
TP2: 1.3453 (final target)
Confluence Factors
Bear flag / descending channel structure
Lower highs forming within consolidation
Clear resistance overhead
Measured move projection aligning with target
Invalidation
A strong bullish breakout and close above 1.3595 would invalidate the bearish setup and suggest continuation higher.
Summary
GBPUSD is showing signs of distribution after a bullish leg, with price struggling under resistance. A breakdown from the current structure could trigger a clean move toward 1.3450, offering a solid risk-to-reward short opportunity.