Been watching GBP/USD and honestly the momentum shift here is pretty interesting. Recently I caught a solid short setup at that 1.3486 resistance level and it played out well, which got me thinking about price action patterns more carefully.

Here's what I've been focusing on lately - when you're trying to spot a real reversal in the market, you need to see it confirmed on an hourly candle. That's where pin bar formations really shine. A clean pin bar candle closing at that level, or even a doji or engulfing pattern, those are the signals that separate guesswork from actual trading. The pin bar candle setup is especially useful because it shows rejection clearly.

I've been saying for a while that GBP/USD was probably going to stay range-bound, and the best play in that environment is trading the bounces at support and resistance. My earlier analysis suggested treating those boundaries as reversal zones rather than breakout points. The market's been teaching me that this approach works when you're patient and wait for proper confirmation.

What I'm noticing now is that price action at these key levels matters more than just hitting the number. You need to see how the candle closes - whether it's a pin bar candle that rejects, or an outside bar that shows indecision. These formations tell you if the reversal is actually happening or if it's just noise. That's the real edge in range-bound markets like this.

If you're trading GBP/USD right now, focus on those reversal zones and wait for the proper candle confirmation before entering. That's been my playbook and it's working out pretty well.