📊 GBP/USD - 1H Chart Analysis
🔹 Current Price: 1.28887
🔹 Market Structure: Bullish retracement with key demand zones
📍 Key Demand Zones (Potential Buy Zones):
1.28543 - 1.28600 → First demand zone (potential reversal area)
1.28143 - 1.28300 → Second demand zone (stronger liquidity area)
📍 Key Resistance Zone (Target Area for Buys):
1.30000 - 1.30500 → Major supply zone & psychological level
📈 Bullish Scenario:
✅ If price holds above 1.28543, expect a bounce towards 1.29500 - 1.30000.
✅ A break above 1.30000 could target 1.30500+.
📉 Bearish Scenario:
🔻 If price breaks below 1.28143, further downside towards 1.27800 is possible.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmations at 1.28543 - 1.28143.
🎯 Sell Setup: Watch for rejections around 1.30000 - 1.30500.
🎯 Risk Management: Use tight SL below demand zones or above resistance.
#GBPUSD #ForexTrading #SmartMoney #TechnicalAnalysis 🚀
🔹 Current Price: 1.28887
🔹 Market Structure: Bullish retracement with key demand zones
📍 Key Demand Zones (Potential Buy Zones):
1.28543 - 1.28600 → First demand zone (potential reversal area)
1.28143 - 1.28300 → Second demand zone (stronger liquidity area)
📍 Key Resistance Zone (Target Area for Buys):
1.30000 - 1.30500 → Major supply zone & psychological level
📈 Bullish Scenario:
✅ If price holds above 1.28543, expect a bounce towards 1.29500 - 1.30000.
✅ A break above 1.30000 could target 1.30500+.
📉 Bearish Scenario:
🔻 If price breaks below 1.28143, further downside towards 1.27800 is possible.
💡 Trading Plan:
🎯 Buy Setup: Look for bullish confirmations at 1.28543 - 1.28143.
🎯 Sell Setup: Watch for rejections around 1.30000 - 1.30500.
🎯 Risk Management: Use tight SL below demand zones or above resistance.
#GBPUSD #ForexTrading #SmartMoney #TechnicalAnalysis 🚀
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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.
fxforever
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.