GBP/USD Bullish Breakout Setup – Entry, Target & Stop Loss Analy
EMA 200 (blue line): 1.28423 – typically used to define long-term trend direction.
EMA 30 (red line): 1.28253 – shorter-term trend indication.
Currently, the price is above the 30 EMA and slightly above the 200 EMA, suggesting short-term bullish momentum with potential for trend reversal or continuation.
🟪 Key Zones and Levels:
Entry Point Zone: Around 1.28242–1.28423 (highlighted in purple).
Stop Loss: Set slightly below the purple demand zone at 1.27931.
Target (EA TARGET POINT): Marked around 1.29809.
🧠 Trade Setup Summary:
Risk/Reward: Good – aiming for a ~1.19% gain (~152.5 pips), with a relatively tight stop loss.
Structure:
The price has broken above a consolidation range (demand zone) and retested the zone (potential bullish retest).
EMA crossover could soon occur if the 30 EMA crosses above the 200 EMA, confirming bullish sentiment.
✅ Bullish Confirmation Signs:
Higher lows forming.
Break and retest of previous resistance (now support).
EMA proximity breakout is occurring.
Strong bullish candles near the entry level.
⚠️ Things to Watch:
If price closes strongly above 1.2860–1.2870, that could signal momentum continuation.
Failing to hold 1.2824–1.2800 might invalidate the setup and trigger the stop loss.
Watch for fundamental events (economic news, especially from UK/US) that could cause sudden volatility.
EMA 30 (red line): 1.28253 – shorter-term trend indication.
Currently, the price is above the 30 EMA and slightly above the 200 EMA, suggesting short-term bullish momentum with potential for trend reversal or continuation.
🟪 Key Zones and Levels:
Entry Point Zone: Around 1.28242–1.28423 (highlighted in purple).
Stop Loss: Set slightly below the purple demand zone at 1.27931.
Target (EA TARGET POINT): Marked around 1.29809.
🧠 Trade Setup Summary:
Risk/Reward: Good – aiming for a ~1.19% gain (~152.5 pips), with a relatively tight stop loss.
Structure:
The price has broken above a consolidation range (demand zone) and retested the zone (potential bullish retest).
EMA crossover could soon occur if the 30 EMA crosses above the 200 EMA, confirming bullish sentiment.
✅ Bullish Confirmation Signs:
Higher lows forming.
Break and retest of previous resistance (now support).
EMA proximity breakout is occurring.
Strong bullish candles near the entry level.
⚠️ Things to Watch:
If price closes strongly above 1.2860–1.2870, that could signal momentum continuation.
Failing to hold 1.2824–1.2800 might invalidate the setup and trigger the stop loss.
Watch for fundamental events (economic news, especially from UK/US) that could cause sudden volatility.
Trade closed: target reached
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Join my telegram (COPY_TRADE)
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Join my refrel broker link
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t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.