British Pound / U.S. Dollar
Long
Updated

GBP/USD 4H Chart Analysis โ€“ Bullish Reversal from Demand Zone

192
GBP/USD 4H Chart Analysis

Current Price: 1.27883
Timeframe: 4H (OANDA)


Key Zones:

๐ŸŸฆ Demand Zone (Support Area):
๐Ÿ“ Between 1.26873 (๐Ÿ”ป Stop Loss) and current price
This is where buyers are expected to step in and push the price higher.

๐Ÿš€ Expected Move: The price is consolidating in the demand zone and might breakout upward.

โžก๏ธ Possible path:

1. Small pullback within demand zone


2. ๐Ÿ“ˆ Breakout up to 1.29162 (๐Ÿ”ต First Resistance)


3. ๐Ÿ“ˆ Continuation up to 1.31083 (๐ŸŽฏ Target Point)

Important Levels:

๐Ÿ”ป Stop Loss: 1.26873
(If price drops below this, setup is invalid)

๐Ÿ›‘ Mid-Resistance Level: 1.29162
(Might face temporary selling pressure here)

๐ŸŽฏ Target Point: 1.31083
(Take-profit zone)

Conclusion:

๐Ÿ“‰ If price breaks below 1.26873 โ†’ trade invalid โŒ

๐Ÿ“ˆ If price holds and breaks above resistance โ†’ bullish potential โœ…

Risk/Reward setup looks favorable from demand zone to target
Trade closed: target reached
snapshot
Note
๐Ÿ”ต Demand Zone Reaction

โœ… Price dipped into the demand zone (1.26873โ€“1.27500 area)

๐Ÿš€ Strong bullish reversal candles followed

๐Ÿ“ˆ Signaled a high-probability long entry

๐Ÿ“ EMA Confirmation

๐Ÿ“‰ EMA(7) acted as dynamic support during the rally

๐Ÿ” Price respected EMA on pullbacks โ€“ bullish strength confirmed

๐ŸŽฏ Target Point

โœ… Target at 1.31083 HIT

๐ŸŽ‰ Bullish move completed with precision

๐Ÿ”ฝ Slight pullback after hitting the target, as expected

๐Ÿ“Œ Summary

๐Ÿ’ฅ Demand zone held perfectly

๐ŸŸข Momentum was strong

๐ŸŽฏ All projected targets were HIT

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