Technical Analysis: GBPUSD is in strong bullish momentum, respecting the upward trendline and printing higher highs (HH) and higher lows (HL). RSI is synced with the price action, confirming no divergence. We aim to capitalize on the current bullish movement by entering at the current market price.
Entry Strategy:
Entry Point: Buy at the current price (live market price).
Stop Loss (SL): Place under the nearest strong support zone for risk management.
Take Profit (TP1): Target the next key resistance level or price zone based on your chart.
Take Profit (TP2): Extend to the following resistance for maximizing gains.
Entry Strategy:
Entry Point: Buy at the current price (live market price).
Stop Loss (SL): Place under the nearest strong support zone for risk management.
Take Profit (TP1): Target the next key resistance level or price zone based on your chart.
Take Profit (TP2): Extend to the following resistance for maximizing gains.
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.
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.