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

GBP/USD 4H Chart Analysis
Current Price: 1.27883
Timeframe: 4H (OANDA)
Key Zones:
๐ฆ Demand Zone (Support Area):
๐ Between 1.26873 (๐ป Stop Loss) and current price
This is where buyers are expected to step in and push the price higher.
๐ Expected Move: The price is consolidating in the demand zone and might breakout upward.
โก๏ธ Possible path:
1. Small pullback within demand zone
2. ๐ Breakout up to 1.29162 (๐ต First Resistance)
3. ๐ Continuation up to 1.31083 (๐ฏ Target Point)
Important Levels:
๐ป Stop Loss: 1.26873
(If price drops below this, setup is invalid)
๐ Mid-Resistance Level: 1.29162
(Might face temporary selling pressure here)
๐ฏ Target Point: 1.31083
(Take-profit zone)
Conclusion:
๐ If price breaks below 1.26873 โ trade invalid โ
๐ If price holds and breaks above resistance โ bullish potential โ
Risk/Reward setup looks favorable from demand zone to target
Current Price: 1.27883
Timeframe: 4H (OANDA)
Key Zones:
๐ฆ Demand Zone (Support Area):
๐ Between 1.26873 (๐ป Stop Loss) and current price
This is where buyers are expected to step in and push the price higher.
๐ Expected Move: The price is consolidating in the demand zone and might breakout upward.
โก๏ธ Possible path:
1. Small pullback within demand zone
2. ๐ Breakout up to 1.29162 (๐ต First Resistance)
3. ๐ Continuation up to 1.31083 (๐ฏ Target Point)
Important Levels:
๐ป Stop Loss: 1.26873
(If price drops below this, setup is invalid)
๐ Mid-Resistance Level: 1.29162
(Might face temporary selling pressure here)
๐ฏ Target Point: 1.31083
(Take-profit zone)
Conclusion:
๐ If price breaks below 1.26873 โ trade invalid โ
๐ If price holds and breaks above resistance โ bullish potential โ
Risk/Reward setup looks favorable from demand zone to target
Note
๐ต Demand Zone Reactionโ Price dipped into the demand zone (1.26873โ1.27500 area)
๐ Strong bullish reversal candles followed
๐ Signaled a high-probability long entry
๐ EMA Confirmation
๐ EMA(7) acted as dynamic support during the rally
๐ Price respected EMA on pullbacks โ bullish strength confirmed
๐ฏ Target Point
โ Target at 1.31083 HIT
๐ Bullish move completed with precision
๐ฝ Slight pullback after hitting the target, as expected
๐ Summary
๐ฅ Demand zone held perfectly
๐ข Momentum was strong
๐ฏ All projected targets were HIT
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join my refferal broker
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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.