This chart shows the price action of the GBP/USD currency pair on a 30-minute timeframe. The chart has a highlights key zones and targets for a short (sell) position.
Entry Zone: Marked around the price level of 1.29483, which is within a red-shaded resistance area. This is where the trader plans to enter a short position.
Stop Loss (SL): Placed at 1.29663, just above the resistance zone. If the price reaches this level, the short position will be closed to prevent further losses.
Target 1: Set at 1.29226, the first take-profit level.
Target 2: Placed lower at 1.28982, the second take-profit level for a larger profit if the price continues to drop.
Final Target: Positioned at 1.28758, which is the lowest expected support area for this trade.
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.
Entry Zone: Marked around the price level of 1.29483, which is within a red-shaded resistance area. This is where the trader plans to enter a short position.
Stop Loss (SL): Placed at 1.29663, just above the resistance zone. If the price reaches this level, the short position will be closed to prevent further losses.
Target 1: Set at 1.29226, the first take-profit level.
Target 2: Placed lower at 1.28982, the second take-profit level for a larger profit if the price continues to drop.
Final Target: Positioned at 1.28758, which is the lowest expected support area for this trade.
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.
Trade active
trade active and target 1 smashed.
don,t forget to boost.
💰 *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.