The GBP/USD 1-hour chart shows the pair trading in a strong uptrend within an ascending channel. Price is nearing a key resistance area, where a potential reversal is anticipated. The chart highlights a possible sell opportunity as bullish momentum may be weakening near the channel's upper boundary. A clear rejection from this zone could signal the start of a bearish correction. This setup offers a high risk-to-reward ratio, especially if supported by further price action confirmation. Traders may watch for reversal patterns or signals before entering the trade to improve accuracy and minimize risk in this technical setup.
Entry: 1.34500
Target: 1.31500
Entry: 1.34500
Target: 1.31500
Trade active
Trade active in sellNote
GBPUSD Running with good profitOrder cancelled
Sorry guys SL hit
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.