GBPUSD is currently reacting from a well-defined demand / support zone after a sharp impulsive move down and recovery. Price is consolidating above this zone, suggesting buyers are defending support and preparing for a continuation move higher.
The overall structure favors a bullish retracement / continuation toward the higher supply area, offering a clean long setup with strong risk management.
Trade Plan:
Entry: Around 1.3370–1.3380 (demand zone / range support)
Stop Loss: Below 1.3360 (invalidation below demand)
Target: 1.3420–1.3440 (upper resistance / supply zone)
Confluence:
Strong horizontal demand zone
Previous resistance turned support
Consolidation after impulsive move
Favorable risk-to-reward structure
Invalidation: A strong close below the demand zone would invalidate the bullish bias.
The overall structure favors a bullish retracement / continuation toward the higher supply area, offering a clean long setup with strong risk management.
Trade Plan:
Entry: Around 1.3370–1.3380 (demand zone / range support)
Stop Loss: Below 1.3360 (invalidation below demand)
Target: 1.3420–1.3440 (upper resistance / supply zone)
Confluence:
Strong horizontal demand zone
Previous resistance turned support
Consolidation after impulsive move
Favorable risk-to-reward structure
Invalidation: A strong close below the demand zone would invalidate the bullish bias.
t.me/wolfpipsspot
Sharing My Exprience Here And providing Daily Forex Ideas t.me/wolfpipsspot Free Signal's Analysis Chart Mapping
Don't Worry Friend's I'm Here For Your Help ❤️ t.me/wolfpipsspot
Sharing My Exprience Here And providing Daily Forex Ideas t.me/wolfpipsspot Free Signal's Analysis Chart Mapping
Don't Worry Friend's I'm Here For Your Help ❤️ t.me/wolfpipsspot
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
t.me/wolfpipsspot
Sharing My Exprience Here And providing Daily Forex Ideas t.me/wolfpipsspot Free Signal's Analysis Chart Mapping
Don't Worry Friend's I'm Here For Your Help ❤️ t.me/wolfpipsspot
Sharing My Exprience Here And providing Daily Forex Ideas t.me/wolfpipsspot Free Signal's Analysis Chart Mapping
Don't Worry Friend's I'm Here For Your Help ❤️ t.me/wolfpipsspot
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.