Trading Signal
Instrument: [GBP/USD]
Type: Buy/Long Position
Current Price: 1.2514
Take-Profit (TP): 1.2990
Stop-Loss (SL): 1.2422
Risk-Reward Ratio (RR): ~1:4
Analysis Summary:
Technical Setup: The asset has reached a critical support zone (1.2514), showing signs of potential reversal as bearish momentum subsides, indicated by the squeeze momentum oscillator (SQZMOM).
Volume Profile: Significant accumulation around the current price suggests a strong base for a bullish push.
Projection: Price is expected to retrace upward toward the 1.2990 resistance level within 12 days.
Instrument: [GBP/USD]
Type: Buy/Long Position
Current Price: 1.2514
Take-Profit (TP): 1.2990
Stop-Loss (SL): 1.2422
Risk-Reward Ratio (RR): ~1:4
Analysis Summary:
Technical Setup: The asset has reached a critical support zone (1.2514), showing signs of potential reversal as bearish momentum subsides, indicated by the squeeze momentum oscillator (SQZMOM).
Volume Profile: Significant accumulation around the current price suggests a strong base for a bullish push.
Projection: Price is expected to retrace upward toward the 1.2990 resistance level within 12 days.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.