British Pound / U.S. Dollar
Short
Updated

GBPUSD 1H CHART PATTERN...

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You’ve uploaded a chart for GBP/USD (British Pound / U.S. Dollar), and it looks like it represents a short (sell) trade setup on the 1-hour timeframe. Here's a breakdown of what is shown:

Key Elements:

Entry Level: Just below the recent support/resistance zone (~1.3512 area), where the price has already broken down.

Stop Loss Level: Above the resistance zone (~1.3545–1.3550), protecting against false breakouts.

Target Levels:

Target Level 1: ~1.3450

Target Level 2: ~1.3400

Target Level Zone 3: ~1.3350 and below, into a broader support zone.
Trade active
trade active
Trade closed: target reached
target point 1 hit

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