GBP/USD (British Pound / US Dollar) currency pair,
Key Elements in the Chart:
Current Price: The pair is trading around 1.32717 (Sell) and 1.32734 (Buy).
Marked “ENTRY ZONE”: This red zone spans approximately from 1.33152 to 1.32726, indicating a potential sell entry area.
Price Action: The chart shows a recent downward trend, followed by a consolidation phase near the entry zone.
Projected Path: The chart includes a speculative forecast with arrows pointing downward, suggesting a bearish bias. The path indicates potential pullbacks within the zone followed by continued downward movement.
Target Area: The price projection ends near 1.31228, likely serving as a take-profit or support zone.
This chart seems to reflect a technical analysis-based short trade setup, anticipating further downside from the current level after potential minor retracements.
Would you like help analyzing this trade idea or setting risk/reward levels?
Key Elements in the Chart:
Current Price: The pair is trading around 1.32717 (Sell) and 1.32734 (Buy).
Marked “ENTRY ZONE”: This red zone spans approximately from 1.33152 to 1.32726, indicating a potential sell entry area.
Price Action: The chart shows a recent downward trend, followed by a consolidation phase near the entry zone.
Projected Path: The chart includes a speculative forecast with arrows pointing downward, suggesting a bearish bias. The path indicates potential pullbacks within the zone followed by continued downward movement.
Target Area: The price projection ends near 1.31228, likely serving as a take-profit or support zone.
This chart seems to reflect a technical analysis-based short trade setup, anticipating further downside from the current level after potential minor retracements.
Would you like help analyzing this trade idea or setting risk/reward levels?
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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.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
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.