This chart shows a GBP/USD (British Pound / US Dollar) trading setup on a candlestick chart, likely for a 1-H timeframe.
Chart Overview:
Entry Zone (Buy Zone): Between 1.28540 and 1.28660
Targets (Take Profits):
Target 1: 1.28953
Target 2: 1.29364
Target 3: 1.29716
Trade Idea Summary:
The trader anticipates a bullish move (buy) from the Entry Zone.
The chart illustrates two possible bullish scenarios:
Entry → Target 1 → Retrace → Target 2 → Target 3
Entry → Quick rise to Target 2 → Small pullback → Surge to Target 3
Key Support/Resistance Levels:
Support: Entry Zone (buyers expected to step in)
Resistance: Each of the target levels (potential profit booking/selling zones)
Analysis Purpose:
This chart is used for price action forecasting and trade planning, helping traders determine potential entry points and profit-taking levels based on market behavior.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Chart Overview:
Entry Zone (Buy Zone): Between 1.28540 and 1.28660
Targets (Take Profits):
Target 1: 1.28953
Target 2: 1.29364
Target 3: 1.29716
Trade Idea Summary:
The trader anticipates a bullish move (buy) from the Entry Zone.
The chart illustrates two possible bullish scenarios:
Entry → Target 1 → Retrace → Target 2 → Target 3
Entry → Quick rise to Target 2 → Small pullback → Surge to Target 3
Key Support/Resistance Levels:
Support: Entry Zone (buyers expected to step in)
Resistance: Each of the target levels (potential profit booking/selling zones)
Analysis Purpose:
This chart is used for price action forecasting and trade planning, helping traders determine potential entry points and profit-taking levels based on market behavior.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.