British Pound / U.S. Dollar
Long
Updated

GBP/USD bullish 1 hour analaysis

71
Multiple highlighted zones and patterns (likely indicating structure or demand/supply areas)
Price currently pulling back near the "ENTRY" line
It looks like you're planning a long (buy) trade setup based on a potential support zone. Here's a quick analysis based on your chart:
Interpretation Plan

Buy Entry is slightly above the current price (1.32713)

Stop Loss is just below the marked support zone

Target 1 and Target 2 are progressively higher, suggesting you're aiming for a swing trade


What Might Be Happening:

may possibly trading a bullish reversal pattern inside a consolidation range (the large grey box).

The entry is based on a bounce from a lower structure zone.

The black dots likely represent significant swing highs and lows (liquidity points).

Suggestions

If this is trading plan, ensure there's enough volume or bullish candle confirmation before entering.
Keep an eye on price action near the entry—wait for a bullish engulfing or other confirmation if possible.
Trade closed: target reached
all target has been done successfully target 1 and target 2 completed charts, and analysis is on our side Current backward-looking inflation measures are tame, but elevated expectations of rising inflation are still weighing on sentiment.
A bullish break above this week’s high near 1.3360 would confirm a breakout and set the stage for a rally to 3+ year highs into at least the mid-1.3400s in GBP/USD.

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