GBP/USD 4-HOUR Time Frame
🟢 1. Entry Zone
Near the breakout of a falling wedge or descending triangle.
Price Range (Estimated from chart): Around 1.35700 (GBP/USD).
Breakout confirmation above descending resistance with a bullish candle close.
Look for increasing volume at the breakout point for added confirmation.
---
🎯 2. Target Points (Take Profit)
TP1: Near 1.36500 –
Minor resistance from a previous high.
TP2: Around – 1.38000
Major resistance zone and potential full wedge breakout target.
---
🛑 3. Stop Loss (SL)
Location: Below the most recent swing low inside the wedge.
Price Level (Estimated):
Reason: Invalidates the bullish breakout if breached.
---
⚖️ 4. Risk-Reward Ratio
Entry: ~1.35700
TP1: ~1.36500 (Reward ≈ 80 pips) → R:R = 1:1.3
TP2: ~1.38000 (Reward ≈ 230 pips) → R:R = 1:3.8
✅ Conclusion:
Low risk, high reward setup.
Pattern suggests trend reversal.
Good for short- to mid-term swing trading.
Confirm entry with bullish candle and volume.
🟢 1. Entry Zone
Near the breakout of a falling wedge or descending triangle.
Price Range (Estimated from chart): Around 1.35700 (GBP/USD).
Breakout confirmation above descending resistance with a bullish candle close.
Look for increasing volume at the breakout point for added confirmation.
---
🎯 2. Target Points (Take Profit)
TP1: Near 1.36500 –
Minor resistance from a previous high.
TP2: Around – 1.38000
Major resistance zone and potential full wedge breakout target.
---
🛑 3. Stop Loss (SL)
Location: Below the most recent swing low inside the wedge.
Price Level (Estimated):
Reason: Invalidates the bullish breakout if breached.
---
⚖️ 4. Risk-Reward Ratio
Entry: ~1.35700
TP1: ~1.36500 (Reward ≈ 80 pips) → R:R = 1:1.3
TP2: ~1.38000 (Reward ≈ 230 pips) → R:R = 1:3.8
✅ Conclusion:
Low risk, high reward setup.
Pattern suggests trend reversal.
Good for short- to mid-term swing trading.
Confirm entry with bullish candle and volume.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.