📊GBP/USD Price Action Update – April 15, 2025🎯
🔹Current Price: 1.32018
🔹Timeframe: 15M
📌Key Support Levels (Demand Zones):
🟢1.31461 – Major Demand Zone (TP 2 – Wait for Confirmation)
📌Key Resistance Levels (Supply Zones):
🔴1.32575–1.32670 – Supply Zone (Marked on Chart – Watch for Rejection)
📈Bullish Scenario:
Price is showing bullish structure and could push toward the 1.32575–1.32670 supply zone. A clean breakout and close above 1.32670 may signal further upside momentum.
📉Bearish Scenario:
If price reacts bearishly at the supply zone, a reversal could drive GBP/USD down to the demand zone near 1.31461 (TP 2). Watch for confirmation before entering short positions.
⚡Trading Tip:
✅Wait for bearish confirmation (e.g., bearish engulfing or rejection wicks) in the supply zone before shorting.
✅If price breaks the structure with strong bullish momentum, reassess short entries and look for long opportunities.
✅Use strict risk management and a solid risk-reward ratio.
#GBPUSD #ForexTrading #SmartMoneyConcepts #SupplyAndDemand #IntradaySetup #ScalpingStrategy #PriceAction #MarketStructure #FXFOREVER #LiquidityZone #TechnicalAnalysis #TradePlan
🔹Current Price: 1.32018
🔹Timeframe: 15M
📌Key Support Levels (Demand Zones):
🟢1.31461 – Major Demand Zone (TP 2 – Wait for Confirmation)
📌Key Resistance Levels (Supply Zones):
🔴1.32575–1.32670 – Supply Zone (Marked on Chart – Watch for Rejection)
📈Bullish Scenario:
Price is showing bullish structure and could push toward the 1.32575–1.32670 supply zone. A clean breakout and close above 1.32670 may signal further upside momentum.
📉Bearish Scenario:
If price reacts bearishly at the supply zone, a reversal could drive GBP/USD down to the demand zone near 1.31461 (TP 2). Watch for confirmation before entering short positions.
⚡Trading Tip:
✅Wait for bearish confirmation (e.g., bearish engulfing or rejection wicks) in the supply zone before shorting.
✅If price breaks the structure with strong bullish momentum, reassess short entries and look for long opportunities.
✅Use strict risk management and a solid risk-reward ratio.
#GBPUSD #ForexTrading #SmartMoneyConcepts #SupplyAndDemand #IntradaySetup #ScalpingStrategy #PriceAction #MarketStructure #FXFOREVER #LiquidityZone #TechnicalAnalysis #TradePlan
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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.
fxforever
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.