The image is a TradingView chart of GBP/USD (British Pound/U.S. Dollar) on a 1-hour timeframe. It highlights price action, a key resistance zone, and a short trade setup.
Key Details:
Current Price: 1.29415.
Resistance Zone: Highlighted in a rectangular area around 1.29415 - 1.29600.
Stop-Loss Level: Around 1.29767.
Take-Profit Level: Around 1.28144.
Trade Setup: A bearish short position, expecting price to reject the resistance zone and drop.
Blue Arrow: Suggests a projected downward move.
This setup indicates the trader is expecting GBP/USD to decline after testing the resistance zone.
Would you like a deeper trade analysis or additional insights?
Key Details:
Current Price: 1.29415.
Resistance Zone: Highlighted in a rectangular area around 1.29415 - 1.29600.
Stop-Loss Level: Around 1.29767.
Take-Profit Level: Around 1.28144.
Trade Setup: A bearish short position, expecting price to reject the resistance zone and drop.
Blue Arrow: Suggests a projected downward move.
This setup indicates the trader is expecting GBP/USD to decline after testing the resistance zone.
Would you like a deeper trade analysis or additional insights?
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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.
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✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
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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.