GBP/USD target achieved
Trade GBP/USD (1H Timeframe)
Trade Type: Short (Sell)
Entry Reason:
The entry was based on a Bearish Order Block (OB) rejection, identified after price retraced into the OB zone marked around 1.29374 – 1.29665.
This was aligned with bearish structure forming lower highs and lower lows, confirming a downtrend continuation.
Entry Point: Around 1.29265 (within the OB zone).
Stop Loss: Set above the OB zone at approximately 1.29665, just above structure to allow room for volatility.
Take Profit (Target):
Target was successfully hit at 1.28012, which aligns with previous support and a psychological level near 1.28000.
Risk-Reward Ratio: Favorable R:R, estimated around 1:2.5 to 1:3 based on the visual range of the SL and TP box.
Confluences:
Price rejection from Bearish OB.
Trend direction confirmation from moving averages sloping downward.
Bearish momentum with strong red candles showing sellers in control.
Trade GBP/USD (1H Timeframe)
Trade Type: Short (Sell)
Entry Reason:
The entry was based on a Bearish Order Block (OB) rejection, identified after price retraced into the OB zone marked around 1.29374 – 1.29665.
This was aligned with bearish structure forming lower highs and lower lows, confirming a downtrend continuation.
Entry Point: Around 1.29265 (within the OB zone).
Stop Loss: Set above the OB zone at approximately 1.29665, just above structure to allow room for volatility.
Take Profit (Target):
Target was successfully hit at 1.28012, which aligns with previous support and a psychological level near 1.28000.
Risk-Reward Ratio: Favorable R:R, estimated around 1:2.5 to 1:3 based on the visual range of the SL and TP box.
Confluences:
Price rejection from Bearish OB.
Trend direction confirmation from moving averages sloping downward.
Bearish momentum with strong red candles showing sellers in control.
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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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+crZRykT5XGsyYjFk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+crZRykT5XGsyYjFk
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.