intraday setup: GBP/USD analysis

Price has reached a key area of support and is showing signs of selling exhaustion with 4HR candle wicks rejecting of that 1.25000 regions, it's formidable for the price to create a potential lower high or even retrace to a key psychological zone of 1.26000. On the 30min time frame, we see price creating an inverse head and shoulder pattern suggesting accumulation is happening before a potential reversal.

Trade stängt manuellt:

Trade closed at breakeven, expecting further downside movement to 1.24800
looking for more efficient entry