The GBPUSD 30-minute chart shows a bullish trade setup initiated after the price tapped into a significant demand zone around 1.3274. The market experienced a sharp sell-off, tapped a demand zone, and showed signs of reversal upon reaching this zone.
This is a buy setup on GBPUSD from 1.3274, targeting TP 1.3408 with a stop-loss at 1.3215, protecting against a deeper breakdown.
This trade banks on a short-term GBPUSD recovery from oversold conditions.
This is a buy setup on GBPUSD from 1.3274, targeting TP 1.3408 with a stop-loss at 1.3215, protecting against a deeper breakdown.
This trade banks on a short-term GBPUSD recovery from oversold conditions.
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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.