Trend: Bearish trend followed by LL and LH.
Support/Resistance: Blue lines are S/R levels on 1D while red lines are on 4h timeframe.
The reason behind the Short: A hanging man was spotted near the 4hr resistance at the LH of the chart. It indicates the potential downfall of the price towards the lowered support area.
SL: It is placed on the previous LH of the...
GBPUSD hrly long
half risk due to news tmr
buystop @ 1.30743
TP #1 @ 1.30886 79% wr
TP #2 @ 1.31207 56.15% wr
SL @ swing low 1.29988 17.31% hr
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GBPUSD looking at a buy on this based upon a smart money set up although you will see i risking the sl by not placing this on the the lower swing point but im looking at the .786 to more or less hold due to formation inside the box area.
These are not trade ideas for you to take but to help identify structure and let you see haow these play out we then look back...
Welcome back Traders, Investors, and Community!
Hi Traders, GBPUSD on H1 has formed a reverse Head & Shoulders. It has already broken above the Neckline, so all we expect is that it goes up.
⬆️Buy now or Buy at 1.3776
⭕️SL @ 1.3714
✅TP1 @ 1.3844
✅TP2 @ 1.3913
✅TP3 @ 1.4000
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really...
Hello traders, GBP/USD is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level. If the price rebounds back from resistance level then it can possibly touch its support level. So, the entry price for short will be 1.3966, if the price rebounds from resistance level and its target will be at...