GBPUSD Analysis & Signal (1H Timeframe)
📅 Date: March 23, 2025
On the GBP/USD chart, the price has reached a key resistance zone around 1.29629 after an uptrend, showing signs of rejection. This resistance aligns with a descending trendline, adding to the selling pressure.
Currently, the price is heading toward the demand zone marked between 1.28613 and 1.28117, which could act as a strong support level.
Signal:
Sell:
📍Entry Point: 1.29114 (current price)
🔴Stop Loss: 1.29629 (above resistance)
🟢Take Profit 1: 1.28613
🟢Take Profit 2: 1.28117
⚠️Risk Management:
With the stop loss set above the resistance, the risk-to-reward ratio (R:R) for this trade is at least 1:2. It’s recommended to risk only 1-2% of your capital on this trade.
📝Note: Before entering the trade, wait for additional confirmations (e.g., reversal candlestick patterns or a break of the zone) and assess market conditions.
📅 Date: March 23, 2025
On the GBP/USD chart, the price has reached a key resistance zone around 1.29629 after an uptrend, showing signs of rejection. This resistance aligns with a descending trendline, adding to the selling pressure.
Currently, the price is heading toward the demand zone marked between 1.28613 and 1.28117, which could act as a strong support level.
Signal:
Sell:
📍Entry Point: 1.29114 (current price)
🔴Stop Loss: 1.29629 (above resistance)
🟢Take Profit 1: 1.28613
🟢Take Profit 2: 1.28117
⚠️Risk Management:
With the stop loss set above the resistance, the risk-to-reward ratio (R:R) for this trade is at least 1:2. It’s recommended to risk only 1-2% of your capital on this trade.
📝Note: Before entering the trade, wait for additional confirmations (e.g., reversal candlestick patterns or a break of the zone) and assess market conditions.
Trade active
R/R: 3Trade closed: target reached
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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.
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.