GBPUSD GBPUSD Intraday Trade Setups
๐ข Intraday Buy Trade Setup
Entry: ๐ฏ 1.29379
Stop Loss: ๐ด 1.29220 (-15.9 pips)
Take Profit 1: ๐ 1.29540 (+16.1 pips)
Take Profit 2: ๐ 1.29690 (+31.1 pips)
Reason:
Aligns with 61.8% Fibonacci retracement of March rally
Strong daily support at 1.29300-1.29420 zone
๐ด Intraday Sell Trade Setup
Entry: ๐ฏ 1.29523
Stop Loss: ๐ด 1.29680 (+15.7 pips)
Take Profit 1: ๐ 1.29300 (-22.3 pips)
Take Profit 2: ๐ 1.29150 (-37.3 pips)
Reason:
Confluence of 127.2% Fibonacci extension & daily resistance at 1.29500-1.29600
Bearish rejection candlestick pattern observed
