This chart represents a GBP/USD (British Pound / US Dollar) price analysis on the 1-hour timeframe from FXCM. It highlights key buy and sell zones with a projected price movement.
Key elements in the chart:
1. Buy Zone (Support Area):
The pink-shaded region around 1.25500 - 1.25750 is identified as a buy zone, suggesting that price may find support and reverse upwards.
2. Sell Zone (Resistance Area):
The blue line at 1.26891 is marked as a sell zone, where price previously reversed downward (confirmed by the orange circle indicating rejection).
This area acts as a resistance level, meaning price may struggle to break above it.
3. Price Projection:
The blue arrows suggest a bullish reversal from the buy zone, with a potential move towards the 1.26891 resistance level.
This indicates a buy opportunity in the current region.
Conclusion:
This chart predicts a GBP/USD bullish move, expecting price to rise from the buy zone to the sell zone. It suggests a long (buy) trade
Key elements in the chart:
1. Buy Zone (Support Area):
The pink-shaded region around 1.25500 - 1.25750 is identified as a buy zone, suggesting that price may find support and reverse upwards.
2. Sell Zone (Resistance Area):
The blue line at 1.26891 is marked as a sell zone, where price previously reversed downward (confirmed by the orange circle indicating rejection).
This area acts as a resistance level, meaning price may struggle to break above it.
3. Price Projection:
The blue arrows suggest a bullish reversal from the buy zone, with a potential move towards the 1.26891 resistance level.
This indicates a buy opportunity in the current region.
Conclusion:
This chart predicts a GBP/USD bullish move, expecting price to rise from the buy zone to the sell zone. It suggests a long (buy) trade
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✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
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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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.