GBP/USD : 3/3/25 - 7/3/25
Weekly TF: Price has formed a break and retest scenario at early stage
4H TF:
1. Multiple time of price rejection at 1.26775, therefore, this act as major resistance
2. Price has also formed 4H tf break and retest at 1.26192, which gives a high chances for potential short.
3. Potential target profits has been plotted.
4H TF:
1. Multiple time of price rejection at 1.26775, therefore, this act as major resistance
2. Price has also formed 4H tf break and retest at 1.26192, which gives a high chances for potential short.
3. Potential target profits has been plotted.
Trade active
Set-up is still valid despite the impulsive bull-run.
1. Confluence:
- Weekly timeframe shows break and retest scenario. Due to the reason is on higher timeframe, we can expect a slower movement.
- No bottom wicks on the weekly candle.
2. Safe entry stated above, stay clam and wise trade everyone!
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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.