Wyckoff strategy on Gbpusd

Around the 1.3420 area, the liquidity would have been targeted by smart money to trigger buy-side stops, followed by a reversal downward.
There could be liquidity resting around 1.3290 (below the previous swing low) where stop losses for long positions are likely resting. This could be an ideal area to consider for a potential long if price reaches that level.

Zone: 1.3380 to 1.3400. This area might act as a sell zone if price retraces upward, as it corresponds to the prior distribution phase. Expect a retracement toward this area to fill any fair value gaps and offer an opportunity to go short.
Stop-Loss (SL) for Sell: Above 1.3420 (recent swing high and liquidity grab).
Take-Profit (TP) for Sell: 1.3290 (below the current low and a potential liquidity target).

Zone: 1.3280 to 1.3300. If the price continues to decline, this area could serve as a buy zone as it represents previous liquidity below swing lows.
Stop-Loss (SL) for Buy: Below 1.3260 (to protect from a deeper markdown).
Take-Profit (TP) for Buy: 1.3380 (targeting the retracement toward the distribution area).

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hit stop loss