here's a breakdown of the GBP/USD 2-hour chart setup and the target points indicated:
🔍 Technical Analysis Summary
Pair: GBP/USD
Chart timeframe: 2h
Indicators used: Ichimoku Cloud, Trendline (Support), Risk-to-Reward box
Setup: Bearish break of trendline support
Direction bias: Short (Sell)
Chart pattern: Break of ascending trendline with a rejection from previous highs
Entry zone: Around 1.3540–1.3560
Stop loss: Above 1.3662
Take profit zones:
1. First Target (TP1): 1.33270
2. Second Target (TP2): 1.32110
🎯 Target Points
Target Price Description
TP1 1.33270 First support area
TP2 1.32110 Major support zone
These target points are based on previous support levels and the height of the pattern projected down from the breakout point.
Let me know if you'd like this analysis transferred to another time frame or want updated targets based on more recent price action.
🔍 Technical Analysis Summary
Pair: GBP/USD
Chart timeframe: 2h
Indicators used: Ichimoku Cloud, Trendline (Support), Risk-to-Reward box
Setup: Bearish break of trendline support
Direction bias: Short (Sell)
Chart pattern: Break of ascending trendline with a rejection from previous highs
Entry zone: Around 1.3540–1.3560
Stop loss: Above 1.3662
Take profit zones:
1. First Target (TP1): 1.33270
2. Second Target (TP2): 1.32110
🎯 Target Points
Target Price Description
TP1 1.33270 First support area
TP2 1.32110 Major support zone
These target points are based on previous support levels and the height of the pattern projected down from the breakout point.
Let me know if you'd like this analysis transferred to another time frame or want updated targets based on more recent price action.
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Forex, gold and crypto signal's with detailed analysis & get consistent results..
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Gold signal's with proper TP & SL for high profits opportunities..
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Disclaimer
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t.me/+yJ2-qfkocRg1NDlk
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
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.