📈 Trade Setup:
🟢 Current Price: 1.2549
🎯 Take Profit 1: 1.2603
🎯 Take Profit 2: 1.2670
🎯 Take Profit 3: 1.2757
🔹 Stop Loss: 1.241 (below the demand zone)
📊 Technical Overview:
GBP/USD is showing strong bullish momentum, holding above the demand zone since April. The price has bounced multiple times, confirming strong demand and upward pressure.
💡 Stop Loss is placed below the demand zone at 1.241 for protection against downside risks. The take profit targets are set at 1.2603, 1.2670, and 1.2757, each aligning with key resistance levels.
⚠️ Risk Management:
Ensure proper risk management and avoid over-leveraging. A break below 1.241 would invalidate this setup and suggest a bearish reversal.
🟢 Current Price: 1.2549
🎯 Take Profit 1: 1.2603
🎯 Take Profit 2: 1.2670
🎯 Take Profit 3: 1.2757
🔹 Stop Loss: 1.241 (below the demand zone)
📊 Technical Overview:
GBP/USD is showing strong bullish momentum, holding above the demand zone since April. The price has bounced multiple times, confirming strong demand and upward pressure.
💡 Stop Loss is placed below the demand zone at 1.241 for protection against downside risks. The take profit targets are set at 1.2603, 1.2670, and 1.2757, each aligning with key resistance levels.
⚠️ Risk Management:
Ensure proper risk management and avoid over-leveraging. A break below 1.241 would invalidate this setup and suggest a bearish reversal.
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.
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.