Forex48_TradingAcademy

GBPUSD Long setup after Powell`s speech

Long
OANDA:GBPUSD   Livre sterling / Dollar américain
On GBP/USD, I have identified a false breakout of a swing low at the 1.2560 level, a zone that confirmed a bullish view on the H4 timeframe. The objective will now be to look for a bullish entry on the M15 timeframe, seeking potential upward structural breaks. In addition to this possible scenario, I have identified a bearish trend that could provide significant resistance in the event of an increase towards the 1.262 level. However, this upward movement should not encounter major issues in breaking the 1.2630 level, especially considering that at the 1.2740 level, there is a strong selling zone on the H4 timeframe where I will be looking for a short entry. This zone marked the breakthrough of the swing low at the 1.2690 level. Of course, I will keep you updated on the evolution of my idea. Have a great weekend, everyone!



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