Identified a classic continuation bullish pattern, the cup and handle, on the GBP/USD pair in the 1-hour time frame.
This pattern suggests a potential upward move, providing a favourable risk-reward opportunity for traders.
Trade Setup:
Entry Point: Initiate a long position at 1.28466, the breakout level of the handle.
Stop Loss: Place a stop loss at 1.28013 to manage downside risk.
Target Price: Aim for a target price of 1.29202, based on the height of the cup pattern projected from the breakout point.
This setup aligns with our bullish outlook on GBP/USD, supported by technical indicators confirming the pattern's validity.
Monitor the trade closely for any potential shifts in market sentiment.
This pattern suggests a potential upward move, providing a favourable risk-reward opportunity for traders.
Trade Setup:
Entry Point: Initiate a long position at 1.28466, the breakout level of the handle.
Stop Loss: Place a stop loss at 1.28013 to manage downside risk.
Target Price: Aim for a target price of 1.29202, based on the height of the cup pattern projected from the breakout point.
This setup aligns with our bullish outlook on GBP/USD, supported by technical indicators confirming the pattern's validity.
Monitor the trade closely for any potential shifts in market sentiment.
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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.