British Pound / U.S. Dollar forum
๏ปฟGBPUSD Intraday Trade Setups
Intraday Buy Trade Setup
Entry: ๐ข 1.32497
Stop Loss: ๐ด 1.32100 (396 pips risk)
Take Profit 1: ๐ก 1.32850 (353 pips reward)
Take Profit 2: ๐ข 1.33180 (683 pips reward)
Reason:
Aligns with 61.8% Fibonacci retracement support (1.32400โ1.32600).
Strong confluence with daily ascending trendline and horizontal support at 1.32350.
RSI divergence on 15-minute chart signals bullish reversal potential.
Intraday Sell Trade Setup
Entry: ๐ด 1.32705
Stop Loss: ๐ข 1.32980 (275 pips risk)
Take Profit 1: ๐ก 1.32400 (305 pips reward)
Take Profit 2: ๐ด 1.32150 (555 pips reward)
Reason:
Resistance cluster near 38.2% Fibonacci extension (1.32700โ1.32850).
Bearish rejection observed at daily pivot resistance (1.32780).
MACD histogram shows fading bullish momentum on hourly timeframe.
All I can say is that do your own analysis and trust it, don't listen to anyone :)
It's just you vs you in this trading industry, so focus only on yourself

