GBPUSD Bulls Game Plan!
- On the Daily Chart:
- Support appears to be forming around the 1.2200 region, which could act as a floor for price movement.
- If the price rises, 1.2300 could be a potential resistance level to watch for.
- A close below 1.2154 could signal a bearish sentiment and lead the market towards the 1.2100 zone.
- On the H4 Chart:
- A close below 1.2174 would further confirm bearish pressure, suggesting that sellers may take control.
- Alternatively, if the bulls manage to push the price upwards, breaking 1.2300 could signal a potential move higher, indicating bullish momentum.
In summary:
- Bearish scenario: Close below 1.2154 (Daily) or 1.2174 (H4), targeting 1.2100.
- Bullish scenario: Price rises and holds above 1.2300, suggesting further upside potential.
This gives you a framework to monitor both support and resistance levels on the charts.
- Support appears to be forming around the 1.2200 region, which could act as a floor for price movement.
- If the price rises, 1.2300 could be a potential resistance level to watch for.
- A close below 1.2154 could signal a bearish sentiment and lead the market towards the 1.2100 zone.
- On the H4 Chart:
- A close below 1.2174 would further confirm bearish pressure, suggesting that sellers may take control.
- Alternatively, if the bulls manage to push the price upwards, breaking 1.2300 could signal a potential move higher, indicating bullish momentum.
In summary:
- Bearish scenario: Close below 1.2154 (Daily) or 1.2174 (H4), targeting 1.2100.
- Bullish scenario: Price rises and holds above 1.2300, suggesting further upside potential.
This gives you a framework to monitor both support and resistance levels on the charts.
Trade chiuso: obiettivo raggiunto
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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.