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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.