GBPUSD today forcast.
Updated
The chart appears to analysis using Smart Money Concepts (SMC). Here's a breakdown of the chart
Entry Zone:
The area marked near 1.27329 is likely a key resistance or supply zone where price is expected to reverse. Traders might look for bearish confirmation (like rejections or wicks) in this zone before entering sell positions.
After reaching the entry zone, the price is expected to drop, following the drawn pattern.
TP1 (Take Profit 1) is marked at 1.25229, indicating an intermediate profit-taking level.
TP2 (Take Profit 2) is marked at 1.23078, which is the final target for the downward move.
Stop Loss:
The stop loss appears to be placed slightly above the entry zone, near 1.28618, to protect against invalidation of the bearish scenario.
Market Context:
The price has shown a consistent bearish trend, and the analysis seems to be following the assumption that this trend will continue after a retracement into the entry zone.
This is a classic SMC-based setup relying on supply zones, liquidity grabs, and continuation patterns.
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.
Entry Zone:
The area marked near 1.27329 is likely a key resistance or supply zone where price is expected to reverse. Traders might look for bearish confirmation (like rejections or wicks) in this zone before entering sell positions.
After reaching the entry zone, the price is expected to drop, following the drawn pattern.
TP1 (Take Profit 1) is marked at 1.25229, indicating an intermediate profit-taking level.
TP2 (Take Profit 2) is marked at 1.23078, which is the final target for the downward move.
Stop Loss:
The stop loss appears to be placed slightly above the entry zone, near 1.28618, to protect against invalidation of the bearish scenario.
Market Context:
The price has shown a consistent bearish trend, and the analysis seems to be following the assumption that this trend will continue after a retracement into the entry zone.
This is a classic SMC-based setup relying on supply zones, liquidity grabs, and continuation patterns.
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.
Trade active
Trade active and 50+ pips running enjoy my friends.Note
100+ pips running.Trade closed: target reached
210+ pips booked now close your positions.
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