GBPUSD trade setup looking for bearish move,
The trading chart for GBP/USD on the 4-hour timeframe. It shows a potential price action setup with a bearish outlook.
Key Elements:
Bearish Pattern: The chart highlights a multi-peak formation with lines, indicating a potential double or triple top, which is a bearish reversal pattern.
Resistance Zone: A resistance area around 1.25136 suggests a strong supply zone where sellers may step in.
Sell Setup:
Entry Zone: Near the resistance around 1.25136.
Stop Loss (SL): Set above at 1.25895, which protects against invalidation.
Take Profit (TP) Targets:
TP1: 1.23724, an initial target where partial profits can be taken.
TP2: 1.22518, a deeper target indicating a further price drop.
Price Projection: The white arrows show a potential price decline after testing the resistance zone, with possible retracements along the way.
5. Risk-to-Reward Ratio: The green area represents the potential profit zone, while the red area indicates the risk if the trade goes against the setup.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Key Elements:
Bearish Pattern: The chart highlights a multi-peak formation with lines, indicating a potential double or triple top, which is a bearish reversal pattern.
Resistance Zone: A resistance area around 1.25136 suggests a strong supply zone where sellers may step in.
Sell Setup:
Entry Zone: Near the resistance around 1.25136.
Stop Loss (SL): Set above at 1.25895, which protects against invalidation.
Take Profit (TP) Targets:
TP1: 1.23724, an initial target where partial profits can be taken.
TP2: 1.22518, a deeper target indicating a further price drop.
Price Projection: The white arrows show a potential price decline after testing the resistance zone, with possible retracements along the way.
5. Risk-to-Reward Ratio: The green area represents the potential profit zone, while the red area indicates the risk if the trade goes against the setup.
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
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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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
Pubblicazioni correlate
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.