GBP/USD Technical Analysis (4H Chart)
- Resistance Zone: The price is facing strong resistance around 1.2950–1.3000, leading to a potential reversal.
- Price Action: A rejection from this area suggests bearish momentum may build.
- Target Area: If the decline continues, the next key support is near 1.2700.
- Volume Analysis: Selling pressure is increasing, confirming potential downside movement.
- Risk Management: A stop-loss above the resistance zone is advised, while take-profit can be set near the target area.
A breakout above resistance would invalidate the bearish outlook.
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- Resistance Zone: The price is facing strong resistance around 1.2950–1.3000, leading to a potential reversal.
- Price Action: A rejection from this area suggests bearish momentum may build.
- Target Area: If the decline continues, the next key support is near 1.2700.
- Volume Analysis: Selling pressure is increasing, confirming potential downside movement.
- Risk Management: A stop-loss above the resistance zone is advised, while take-profit can be set near the target area.
A breakout above resistance would invalidate the bearish outlook.
If this beneficial for you , like it.
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Note
Note
Risk to reward 1:2 + achieved Trade closed manually
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
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.