Buy GBP/USD Triangle Breakout

31 juil.The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.

Possible Long Trade:

Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2850
Target Levels:
1st Resistance – 1.2905
2nd Resistance – 1.2930

Stop-Loss: To manage risk, place a stop-loss order below 1.2814. This helps limit potential losses if the price falls back unexpectedly.

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Best Regards, KABHI FOREX TRADING
Thank you.

31 juil.

Transaction en cours

1 août

Commentaire

Today High Impact News :
GBP - BoE Interest Rate

1 août

Trade fermée: ordre d’arrêt atteint

Britain's pound fell to its lowest level in three weeks on Thursday, as traders waited for a knife-edge Bank of England decision later in the day.

Pricing in derivatives markets showed traders think there is a roughly 62% chance the BoE lowers rates from 5.25%. That is similar to the odds on Wednesday and up from around 58% at the start of the week.🔈🔈

Fundamental destroy My Technical Chart 🔠🔠