The GBP/USD trend is bullish on the H1 chart, with a key turning
Updated
H1 Chart Story
1. Current Trend: The bullish momentum suggests that buyers are in control, with the market potentially forming higher highs and higher lows on the H1 timeframe.
2. Turning Point - 1.26420:
Above 1.26420: A sustained break above this level may confirm further upside momentum, signaling buyers' confidence. This could act as a support level in case of pullbacks.
Below 1.26420: A move below this level might indicate weakening bullish momentum or a potential short-term correction.
3. Key Levels to Watch:
Immediate Resistance: Look for resistance around recent highs, potentially at 1.26800–1.27000.
Support Zones: Immediate support could form near 1.26000, followed by the critical turning point at 1.26420.
4. Indicators and Patterns:
Check for trend continuation patterns like flags or pennants above 1.26420.
1. Current Trend: The bullish momentum suggests that buyers are in control, with the market potentially forming higher highs and higher lows on the H1 timeframe.
2. Turning Point - 1.26420:
Above 1.26420: A sustained break above this level may confirm further upside momentum, signaling buyers' confidence. This could act as a support level in case of pullbacks.
Below 1.26420: A move below this level might indicate weakening bullish momentum or a potential short-term correction.
3. Key Levels to Watch:
Immediate Resistance: Look for resistance around recent highs, potentially at 1.26800–1.27000.
Support Zones: Immediate support could form near 1.26000, followed by the critical turning point at 1.26420.
4. Indicators and Patterns:
Check for trend continuation patterns like flags or pennants above 1.26420.
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GBPUSD result is amazing I hope you are enjoy the profit on this chartTrade closed: target reached
That's great to hear that your GBP/USD trade hit its target! close target reached
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