Buy Opportunity
GBP/USD (British Pound vs. US Dollar) – 4H Chart Analysis
Overview:
The GBP/USD pair is exhibiting bullish potential following a bounce off a key support zone. The market structure, along with volume analysis and EMA alignment, indicates a potential upward continuation towards the resistance level.
Trade Setup:
Instrument: GBP/USD (FX)
Trade Type: Long (Buy)
Entry Zone: 1.22050 - 1.22100
Stop Loss: 1.21380 (Below recent support and volume zone)
Take Profit: 1.23750 (Key resistance area)
Risk/Reward Ratio: 1:2.45
Analysis:
Support Zone: The area around 1.21380 - 1.21500 has shown significant demand with price rebounds.
Resistance Zone: The target level of 1.23750 aligns with a previous high and Fibonacci retracement levels.
Volume Profile: The point of control (POC) at the current zone suggests strong interest from market participants.
EMA Trend: The pair is trading near the 252 EMA, signaling a potential trend shift to the upside.
Expected Move:
If GBP/USD sustains above 1.22000, we anticipate a rally toward the resistance at 1.23750, providing a favorable risk-reward opportunity.
Overview:
The GBP/USD pair is exhibiting bullish potential following a bounce off a key support zone. The market structure, along with volume analysis and EMA alignment, indicates a potential upward continuation towards the resistance level.
Trade Setup:
Instrument: GBP/USD (FX)
Trade Type: Long (Buy)
Entry Zone: 1.22050 - 1.22100
Stop Loss: 1.21380 (Below recent support and volume zone)
Take Profit: 1.23750 (Key resistance area)
Risk/Reward Ratio: 1:2.45
Analysis:
Support Zone: The area around 1.21380 - 1.21500 has shown significant demand with price rebounds.
Resistance Zone: The target level of 1.23750 aligns with a previous high and Fibonacci retracement levels.
Volume Profile: The point of control (POC) at the current zone suggests strong interest from market participants.
EMA Trend: The pair is trading near the 252 EMA, signaling a potential trend shift to the upside.
Expected Move:
If GBP/USD sustains above 1.22000, we anticipate a rally toward the resistance at 1.23750, providing a favorable risk-reward opportunity.
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