GBP/USD target achieved
Trade GBP/USD (1H Timeframe)
Trade Type: Short (Sell)
Entry Reason:
The entry was based on a Bearish Order Block (OB) rejection, identified after price retraced into the OB zone marked around 1.29374 – 1.29665.
This was aligned with bearish structure forming lower highs and lower lows, confirming a downtrend continuation.
Entry Point: Around 1.29265 (within the OB zone).
Stop Loss: Set above the OB zone at approximately 1.29665, just above structure to allow room for volatility.
Take Profit (Target):
Target was successfully hit at 1.28012, which aligns with previous support and a psychological level near 1.28000.
Risk-Reward Ratio: Favorable R:R, estimated around 1:2.5 to 1:3 based on the visual range of the SL and TP box.
Confluences:
Price rejection from Bearish OB.
Trend direction confirmation from moving averages sloping downward.
Bearish momentum with strong red candles showing sellers in control.
Trade GBP/USD (1H Timeframe)
Trade Type: Short (Sell)
Entry Reason:
The entry was based on a Bearish Order Block (OB) rejection, identified after price retraced into the OB zone marked around 1.29374 – 1.29665.
This was aligned with bearish structure forming lower highs and lower lows, confirming a downtrend continuation.
Entry Point: Around 1.29265 (within the OB zone).
Stop Loss: Set above the OB zone at approximately 1.29665, just above structure to allow room for volatility.
Take Profit (Target):
Target was successfully hit at 1.28012, which aligns with previous support and a psychological level near 1.28000.
Risk-Reward Ratio: Favorable R:R, estimated around 1:2.5 to 1:3 based on the visual range of the SL and TP box.
Confluences:
Price rejection from Bearish OB.
Trend direction confirmation from moving averages sloping downward.
Bearish momentum with strong red candles showing sellers in control.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.