Trading Setup: GBP/USD (1H Chart) – Bullish Flag Breakout Strategy
Entry Point:
Enter after a confirmed breakout above the bullish flag structure (around 1.33900 - 1.34000 zone).
Target (Take Profit):
Based on the measured move of the bullish flag, the target is projected near 1.36000. This aligns with the prior major resistance zone.
Stop-Loss (SL):
Place the SL just below the lower trendline of the bullish flag or the recent higher low, around 1.33200 - 1.33300 to minimize risk if the breakout fails.
Trade Idea Summary:
The chart shows a bullish continuation after a major CHoCH and BOS, suggesting strength. The bullish flag is a consolidation pattern, and a breakout may trigger a strong upward push. The entry is planned post-breakout confirmation with a favorable risk-to-reward setup
Entry Point:
Enter after a confirmed breakout above the bullish flag structure (around 1.33900 - 1.34000 zone).
Target (Take Profit):
Based on the measured move of the bullish flag, the target is projected near 1.36000. This aligns with the prior major resistance zone.
Stop-Loss (SL):
Place the SL just below the lower trendline of the bullish flag or the recent higher low, around 1.33200 - 1.33300 to minimize risk if the breakout fails.
Trade Idea Summary:
The chart shows a bullish continuation after a major CHoCH and BOS, suggesting strength. The bullish flag is a consolidation pattern, and a breakout may trigger a strong upward push. The entry is planned post-breakout confirmation with a favorable risk-to-reward setup
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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.
FREE Trading Signals ..
t.me/Smart_Money_Trader_SMC
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/TradingViewAccurate786
t.me/Smart_Money_Trader_SMC
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/TradingViewAccurate786
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.