Chart Analysis:
Trend:
The pair was in a strong uptrend inside a rising channel.
Recently, price broke below the channel, signaling potential weakness.
Key Zones:
Supply Zone (Resistance): Around 1.3605 – 1.3660.
This is where sellers are expected to step in if price retraces back up.
Support Zone: Around 1.3510 – 1.3525, price reacted here before.
Trading Plan (Marked on Chart):
Entry Point: Around 1.3605 (short entry if price retests supply zone).
Stop Loss: Around 1.3661 (above supply zone).
Target Point: Around 1.3338 (major support below).
Risk-Reward Ratio (RRR):
Entry ~1.3605, SL ~1.3661 → Risk ≈ 56 pips.
TP ~1.3338 → Reward ≈ 267 pips.
RRR ≈ 1:4.7 → Very favorable.
Price Action Outlook:
If price pulls back into the supply zone, it’s a good short opportunity.
If price fails to retest supply and breaks below current support, continuation downside is confirmed.
Only a strong close above 1.3660 would invalidate this bearish setup.
📌 Summary:
The chart suggests a bearish retracement trade setup for GBP/USD.
Best strategy: Sell near supply zone (1.3605–1.3660).
Targeting 1.3338 with SL at 1.3661.
Great RRR, but patience is needed for entry confirmation.
Trend:
The pair was in a strong uptrend inside a rising channel.
Recently, price broke below the channel, signaling potential weakness.
Key Zones:
Supply Zone (Resistance): Around 1.3605 – 1.3660.
This is where sellers are expected to step in if price retraces back up.
Support Zone: Around 1.3510 – 1.3525, price reacted here before.
Trading Plan (Marked on Chart):
Entry Point: Around 1.3605 (short entry if price retests supply zone).
Stop Loss: Around 1.3661 (above supply zone).
Target Point: Around 1.3338 (major support below).
Risk-Reward Ratio (RRR):
Entry ~1.3605, SL ~1.3661 → Risk ≈ 56 pips.
TP ~1.3338 → Reward ≈ 267 pips.
RRR ≈ 1:4.7 → Very favorable.
Price Action Outlook:
If price pulls back into the supply zone, it’s a good short opportunity.
If price fails to retest supply and breaks below current support, continuation downside is confirmed.
Only a strong close above 1.3660 would invalidate this bearish setup.
📌 Summary:
The chart suggests a bearish retracement trade setup for GBP/USD.
Best strategy: Sell near supply zone (1.3605–1.3660).
Targeting 1.3338 with SL at 1.3661.
Great RRR, but patience is needed for entry confirmation.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
join my telegram channel t.me/smartforexacademy45 t.me/smartforexacademy45
JOIN MY REFREL BROKER LINK one.exnessonelink.com/a/gissbq1h9c?source=app
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.