Buy Opportunity

171
GBP/USD (British Pound vs. US Dollar) – 4H Chart Analysis
Overview:
The GBP/USD pair is exhibiting bullish potential following a bounce off a key support zone. The market structure, along with volume analysis and EMA alignment, indicates a potential upward continuation towards the resistance level.

Trade Setup:
Instrument: GBP/USD (FX)
Trade Type: Long (Buy)
Entry Zone: 1.22050 - 1.22100
Stop Loss: 1.21380 (Below recent support and volume zone)
Take Profit: 1.23750 (Key resistance area)
Risk/Reward Ratio: 1:2.45
Analysis:
Support Zone: The area around 1.21380 - 1.21500 has shown significant demand with price rebounds.
Resistance Zone: The target level of 1.23750 aligns with a previous high and Fibonacci retracement levels.
Volume Profile: The point of control (POC) at the current zone suggests strong interest from market participants.
EMA Trend: The pair is trading near the 252 EMA, signaling a potential trend shift to the upside.
Expected Move:
If GBP/USD sustains above 1.22000, we anticipate a rally toward the resistance at 1.23750, providing a favorable risk-reward opportunity.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.