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More GBPUSD Trade and Update

charts247, Wed Mar 18, 2026 7:43 am

Following the bullish run from our buy entry, the Cable has now formed a Momentum High (MH) on the M15 chart. The sell reversal begins with a break of the ML Bar below the MH. This is a classic strong bearish reversal signal.
Key Levels to Watch:

🔴 Momentum High Must be Bought — 1.33598 (ceiling)
🎯 Achievable Targets:

W3A 1st Target Retracement — 1.33024
W2B Wave Structure Target — 1.32840
GM2B — 1.32787
GM4A Russel Target — 1.32657

📉 Follow Through Target — 1.32306
🔴 Momentum Low Must be Sold — 1.32188

The red projection shows the anticipated sell path following the MH formation. Alternative Wave Count [1], [2], and [3] are clearly mapped, with the sell reversal now in play heading into the next session.
Price respects structure. Follow the levels. 🙏
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