Trend Reversal Confirmed: GBPUSD Prepares for Uptrend Rally
The downtrend has officially reversed, paving the way for a significant bullish rally. A key rectangle on the chart, marked as a support and resistance zone, has played a pivotal role in this trend reversal.
This analysis combines Smart Money Concept and Price Action principles, highlighting the rectangle's dual function as both support and Point of Interest (POI). The trend has reversed upwards from this zone, setting the stage for a potential uptrend.
Trading Plan:
Stop Loss: 1.25926 (below the rectangle)
Take Profits:
1. 1.26851
2. 1.27137
3. 1.27486
The downtrend has officially reversed, paving the way for a significant bullish rally. A key rectangle on the chart, marked as a support and resistance zone, has played a pivotal role in this trend reversal.
This analysis combines Smart Money Concept and Price Action principles, highlighting the rectangle's dual function as both support and Point of Interest (POI). The trend has reversed upwards from this zone, setting the stage for a potential uptrend.
Trading Plan:
Stop Loss: 1.25926 (below the rectangle)
Take Profits:
1. 1.26851
2. 1.27137
3. 1.27486
Trade active
Take Profit 1 and 2 Done.
Set Breakeven at TP1
Trade closed: target reached
All Take Profits Done. Happy to smash GBPUSD, wait for my new idea.
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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.
Unlock Market Insights! 🚀
Join our Telegram for expert analysis, free trading signals & real-time updates. Stay ahead in the game.👇
t.me/OliviaGrace_0
Join our Telegram for expert analysis, free trading signals & real-time updates. Stay ahead in the game.👇
t.me/OliviaGrace_0
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.