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.
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 activeTrade closed: target reached
target point 1 hit 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.