๐ GBP/USD 1H Chart Analysis with Emojis
๐น Key Zones & Levels
๐ฆ Rejection Level Zone: 1.36400 - 1.36600
๐น Previously acted as resistance โ now being retested!
โ ๏ธ Watch for confirmation of support here
๐ต Demand/Entry Zone: 1.35192 - 1.35779
๐ฅ Strong bounce from this area suggests buyers are active here!
๐ฅ Stop Loss:
๐ Placed at 1.34552 ๐ป
๐ก๏ธ Below the demand zone = solid protection!
๐ฏ Target Zone:
๐ Target Point: 1.38000
๐ฆ Final target range: 1.38047 - 1.38341
๐ Room for continuation if bullish pressure sustains
๐ Technical Outlook
๐ EMA 70 (currently at 1.35088):
โณ๏ธ Price is above EMA = Bullish trend confirmation
๐งญ Trade Setup Plan
1๏ธโฃ ๐ Current Price: 1.36464
2๏ธโฃ ๐ Wait for retest of the ๐น rejection zone
3๏ธโฃ โ If it holds: Enter LONG (white arrow path)
4๏ธโฃ ๐ SL: 1.34552 (๐ฅ zone)
5๏ธโฃ ๐ฏ TP: 1.38000 (๐ blue target zone)
โ๏ธ Risk vs Reward
๐ Risk: Limited to below demand zone
๐ Reward: Breakout towards 1.38000+
๐น Bias: Strong Bullish ๐
๐น Key Zones & Levels
๐ฆ Rejection Level Zone: 1.36400 - 1.36600
๐น Previously acted as resistance โ now being retested!
โ ๏ธ Watch for confirmation of support here
๐ต Demand/Entry Zone: 1.35192 - 1.35779
๐ฅ Strong bounce from this area suggests buyers are active here!
๐ฅ Stop Loss:
๐ Placed at 1.34552 ๐ป
๐ก๏ธ Below the demand zone = solid protection!
๐ฏ Target Zone:
๐ Target Point: 1.38000
๐ฆ Final target range: 1.38047 - 1.38341
๐ Room for continuation if bullish pressure sustains
๐ Technical Outlook
๐ EMA 70 (currently at 1.35088):
โณ๏ธ Price is above EMA = Bullish trend confirmation
๐งญ Trade Setup Plan
1๏ธโฃ ๐ Current Price: 1.36464
2๏ธโฃ ๐ Wait for retest of the ๐น rejection zone
3๏ธโฃ โ If it holds: Enter LONG (white arrow path)
4๏ธโฃ ๐ SL: 1.34552 (๐ฅ zone)
5๏ธโฃ ๐ฏ TP: 1.38000 (๐ blue target zone)
โ๏ธ Risk vs Reward
๐ Risk: Limited to below demand zone
๐ Reward: Breakout towards 1.38000+
๐น Bias: Strong Bullish ๐
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Related publications
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.