The GBP/USD market currently shows an upward momentum with prices climbing from a Lower Time Frame (LTF) Demand Zone. Two significant Order Blocks are identified as potential areas for price reaction and entry points. The first Order Block near 1.34564 offers a risk-to-reward ratio of approximately 1.3, while the second, lower Order Block near 1.34350 provides a better risk-to-reward ratio of about 1.5.
Price action indicates a possible retracement to one of these Order Blocks before resuming the upward trend. The ultimate target levels for the bullish movement are marked around 1.35214 and 1.35297, which lie above a recent weak high.
This plan highlights a patient approach, suggesting waiting for price to reach these Order Blocks for optimal entry opportunities with clear risk management levels, aiming to capitalize on the continuation of the bullish trend from the strong LTF Demand Zone.
Price action indicates a possible retracement to one of these Order Blocks before resuming the upward trend. The ultimate target levels for the bullish movement are marked around 1.35214 and 1.35297, which lie above a recent weak high.
This plan highlights a patient approach, suggesting waiting for price to reach these Order Blocks for optimal entry opportunities with clear risk management levels, aiming to capitalize on the continuation of the bullish trend from the strong LTF Demand Zone.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.