technical analysis of the GBP/USD (British Pound/US Dollar) currency pair on the 30-minute timeframe using FOREX.com data. Here's a detailed breakdown of the analysis:
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Chart Summary:
Current Price:
Sell: 1.34401
Buy: 1.34406
Timeframe: 30 minutes (M30)
Platform: TradingView with FOREX.com data
Technical Elements:
1. Ascending Channel (Yellow Parallel Lines):
Price was previously moving in an upward trend within this ascending channel.
The breakout to the downside indicates a potential trend reversal or correction.
2. Bearish Scenario (Blue Arrows):
The chart suggests a short (sell) setup.
Price is expected to face resistance around the 1.34513–1.34600 zone (marked by the green line).
A projected downward move is illustrated with blue arrows, targeting 1.33770.
3. Stop Loss:
Positioned at 1.34743 (highlighted in red), above the recent highs — managing risk for the sell position.
4. Support Zones (Blue Boxes):
First support area near 1.34000
Second, stronger support and main target at 1.33770
5. Target Label:
“Target 1.33770” is clearly marked in blue, showing the final expected move of the sell trade.
6. Forecast Path (White Lines):
Indicates potential short-term bullish pullback before continuing the bearish trend.
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Trade Idea:
Sell GBP/USD near current resistance
Stop Loss: 1.34743
Take Profit (Target): 1.33770
Bias: Bearish short-term, following the channel breakout
---
Chart Summary:
Current Price:
Sell: 1.34401
Buy: 1.34406
Timeframe: 30 minutes (M30)
Platform: TradingView with FOREX.com data
Technical Elements:
1. Ascending Channel (Yellow Parallel Lines):
Price was previously moving in an upward trend within this ascending channel.
The breakout to the downside indicates a potential trend reversal or correction.
2. Bearish Scenario (Blue Arrows):
The chart suggests a short (sell) setup.
Price is expected to face resistance around the 1.34513–1.34600 zone (marked by the green line).
A projected downward move is illustrated with blue arrows, targeting 1.33770.
3. Stop Loss:
Positioned at 1.34743 (highlighted in red), above the recent highs — managing risk for the sell position.
4. Support Zones (Blue Boxes):
First support area near 1.34000
Second, stronger support and main target at 1.33770
5. Target Label:
“Target 1.33770” is clearly marked in blue, showing the final expected move of the sell trade.
6. Forecast Path (White Lines):
Indicates potential short-term bullish pullback before continuing the bearish trend.
---
Trade Idea:
Sell GBP/USD near current resistance
Stop Loss: 1.34743
Take Profit (Target): 1.33770
Bias: Bearish short-term, following the channel breakout
t.me/Forex_Gold_Signals117
Gold Free trades ❤️
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t.me/Forex_Gold_Signals117
Gold Free trades ❤️
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t.me/Forex_Gold_Signals117
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/Forex_Gold_Signals117
Gold Free trades ❤️
kill gold every day with confirm signals ❤️
t.me/Forex_Gold_Signals117
Gold Free trades ❤️
kill gold every day with confirm signals ❤️
t.me/Forex_Gold_Signals117
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.