We are analyzing a GBP/USD 4-hour chart, and have marked potential sell targets with the labels:
Target 1 – around the 1.3350 area
Target 2 – closer to the 1.3220–1.3250 range
Stop loss - at 1.35200
Here's a quick breakdown of what the chart seems to indicate:
Current Price: 1.34254
Sell Zone: It looks like the pair is reacting from a resistance level near 1.34500.
Target 1: A minor support level, likely a short-term profit-taking zone.
Target 2: A deeper retracement zone, possibly aligning with a prior demand zone or consolidation area.
This setup implies we are expecting a rejection or reversal from resistance for a short trade.
Target 1 – around the 1.3350 area
Target 2 – closer to the 1.3220–1.3250 range
Stop loss - at 1.35200
Here's a quick breakdown of what the chart seems to indicate:
Current Price: 1.34254
Sell Zone: It looks like the pair is reacting from a resistance level near 1.34500.
Target 1: A minor support level, likely a short-term profit-taking zone.
Target 2: A deeper retracement zone, possibly aligning with a prior demand zone or consolidation area.
This setup implies we are expecting a rejection or reversal from resistance for a short trade.
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t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
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.
JOIN FREE SIGNALS TELEGRAM
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
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.