GBPUSD

24 янв.

Hello Traders! What are your thoughts on GBPUSD?

My GBPUSD Technical Analysis Breakdown

Current Market Context
The British Pound versus US Dollar (GBPUSD) has shown resilience by bouncing from the critical $1.2300 support level. This price action suggests buyers are defending this level, though we remain within a larger bearish channel.

Technical Setup
- Strong support established at $1.2300
- Key resistance level: $1.2440 (bearish channel resistance)
- Current price action: Upward momentum from support
- Market structure: Inside bearish channel

Trade Scenarios

1. Bullish Scenario
- Entry Trigger: Clear break and close above $1.2440
- Profit Target: $1.2610
- Stop Loss: Below $1.2300
- Risk/Reward ratio: Approximately 1:2

2. Bearish Scenario
- Entry Trigger: Break below $1.2300
- Profit Target: $1.2210
- Stop Loss: Above $1.2340
- Risk/Reward ratio: Approximately 1:2.2

Today's Trading Plan
- Trading Range: $1.2300 - $1.2475
- Recommendation: Wait for clear breakout confirmation
- Risk Management: Keep position sizes moderate given current market uncertainty
- Key Action Points: Watch for strong price action and volume at key levels before entering

Remember: Enter trades only when your chosen scenario shows clear confirmation signals. This reduces the risk of getting caught in false breakouts.

24 янв.

Сделка активна

Holding Buy

27 янв.

Сделка закрыта: достигнута тейк-профит цена

Holding