GBP/USD 15-Minute Chart Analysis & Trade Setup
https://www.tradingview.com/x/0shBrtn9/
📊 Trade Setup Idea
🟢 Bullish Scenario (Long Entry)
Entry: Above 1.29050 (if price sustains & closes above)
Target 1: 1.29400
Target 2: 1.29800 (if strong breakout)
Stop Loss: Below 1.28600 (tight SL for risk control)
✅ Confirmation: Look for a retest of 1.29050 as support before entry
**Key Observations:**
1. **Price Movement:** GBP/USD is currently trading around **1.28937**, with recent bullish momentum.
2. **Moving Averages:**
- The price has crossed above the short-term moving averages (red & blue), indicating potential short-term bullish sentiment.
- The black moving average (likely a longer-term MA) may act as dynamic resistance/support.
3. **Volume Surge:** A notable increase in volume suggests strong participation from buyers.
4. **Potential Resistance:** Around **1.29050 - 1.29100** based on previous highs.
5. **Support Levels:** **1.28800 - 1.28650** may act as support zones if price retraces.
### **Trading Insights:**
- A **break above 1.29100** could trigger further upside momentum.
- If **price fails to sustain above 1.2890**, a pullback towards support zones may occur.
- Consider **risk management** before entering trades.
https://www.tradingview.com/x/0shBrtn9/
📊 Trade Setup Idea
🟢 Bullish Scenario (Long Entry)
Entry: Above 1.29050 (if price sustains & closes above)
Target 1: 1.29400
Target 2: 1.29800 (if strong breakout)
Stop Loss: Below 1.28600 (tight SL for risk control)
✅ Confirmation: Look for a retest of 1.29050 as support before entry
**Key Observations:**
1. **Price Movement:** GBP/USD is currently trading around **1.28937**, with recent bullish momentum.
2. **Moving Averages:**
- The price has crossed above the short-term moving averages (red & blue), indicating potential short-term bullish sentiment.
- The black moving average (likely a longer-term MA) may act as dynamic resistance/support.
3. **Volume Surge:** A notable increase in volume suggests strong participation from buyers.
4. **Potential Resistance:** Around **1.29050 - 1.29100** based on previous highs.
5. **Support Levels:** **1.28800 - 1.28650** may act as support zones if price retraces.
### **Trading Insights:**
- A **break above 1.29100** could trigger further upside momentum.
- If **price fails to sustain above 1.2890**, a pullback towards support zones may occur.
- Consider **risk management** before entering trades.
Trade active
**📢 GBPUSD Update 🚀** ✅ **TP1 (1.29400) Hit! 🎯**
📈 **+40 Pips Profit Secured!** 💰
📌 **Next Steps:**
🔹 **Secure some profits** by closing partial position.
🔹 **Move SL to breakeven** to protect gains.
🔹 **Hold remaining position** for TP2 (1.29800) & TP3 (1.3100).
**Stick to your risk management plan!** 📊🔥
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.
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.