GBPUSD Intraday Analysis

27 mai
**Overview:**
This analysis focuses on the short-term and mid-term channels, along with key pivot and fractal lines for GBPUSD.

**Features of the Chart:**
1. **Fractal and Daily Pivot:**
- The chart shows a significant fractal point that coincides with the daily pivot level. This area acts as a crucial point of support/resistance.

2. **Channels:**
- **Mid-Term Channel:**
- A bullish channel indicating the general upward trend over the mid-term. The price is currently within this channel, suggesting potential continued bullish movement unless a break below the lower boundary occurs.
- **Short-Term Channel:**
- Another bullish channel within the mid-term channel. This short-term channel helps in identifying closer targets and stop levels for intraday trades.

**Trading Plan:**
1. **Long Trades:**
- Consider entering long positions if the price breaks and holds above the resistance level around 1.2740. Confirmation of a bullish continuation could come from the short-term channel's upper boundary breakout.

Another potential long entry is around the 1.2720 level, where the fractal and daily pivot lines provide strong support.

2. **Short Trades:**
- Look for short opportunities if the price fails to sustain above 1.2740 and breaks below the fractal and daily pivot level around 1.2720. This breakdown could indicate a reversal or a pullback towards lower support levels.

**Key Levels:**
- **Resistance:** 1.2750 (short-term channel upper boundary)
- **Support:** 1.2720 (daily pivot and fractal line)

**Conclusion:**
The GBPUSD is currently trading within a well-defined bullish channel in both the short and mid-term. Traders should watch for potential breakouts or breakdowns at key levels (1.2750 for longs and 1.2720 for shorts) to determine the next direction of movement. As always, be mindful of news events and economic data releases that could impact market volatility and direction.

Stay alert and manage your risk effectively.

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28 mai

Commentaire

Mine position did not activated. I was waiting ofra reversal