Trade Setup
Entry: 1.31976 (Long)
Stop Loss: 39 pips
Take Profit: Minimum 1:2 Risk-Reward (≈ 78 pips or higher)
The GBP/USD has experienced a sharp bearish move and is now approaching a key demand/support region around 1.3197. After the strong sell-off, price is entering a zone where liquidity and previous reactions suggest a potential short-term bullish retracement.
This area also aligns with a dynamic trendline support, increasing the probability of buyers stepping in. If price holds this level and forms bullish confirmation, we could see a relief rally toward the next resistance zone.
Trade Logic
• Price approaching strong support / demand zone
• Potential seller exhaustion after aggressive drop
• Confluence with trendline support
• Favorable risk-to-reward structure (1:2 or better)
If momentum builds, the pair could target the 1.3270 – 1.3280 resistance region, offering a solid upside opportunity.
Disclaimer : For educational purpose only.
Entry: 1.31976 (Long)
Stop Loss: 39 pips
Take Profit: Minimum 1:2 Risk-Reward (≈ 78 pips or higher)
The GBP/USD has experienced a sharp bearish move and is now approaching a key demand/support region around 1.3197. After the strong sell-off, price is entering a zone where liquidity and previous reactions suggest a potential short-term bullish retracement.
This area also aligns with a dynamic trendline support, increasing the probability of buyers stepping in. If price holds this level and forms bullish confirmation, we could see a relief rally toward the next resistance zone.
Trade Logic
• Price approaching strong support / demand zone
• Potential seller exhaustion after aggressive drop
• Confluence with trendline support
• Favorable risk-to-reward structure (1:2 or better)
If momentum builds, the pair could target the 1.3270 – 1.3280 resistance region, offering a solid upside opportunity.
Disclaimer : For educational purpose only.
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.
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.