New Update Of GBPUSD 1 H Time frame

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Here’s an advanced technical insight:


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1. Structure Analysis

The chart demonstrates a bullish structure in the GBP/USD 1-hour timeframe, characterized by:

Higher Highs and Higher Lows: The price is respecting an ascending channel, indicating sustained bullish momentum.

The Support 1 level (~1.2600) has transitioned from resistance to support, confirming a breakout and potential continuation of the uptrend.



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2. Supertrend Confirmation (10, 3)

The Supertrend indicator aligns with the bullish bias as the price is above the green Supertrend line.

Supertrend crossover (red to green) indicates a potential reversal in momentum, which occurred earlier in the demand zone.



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3. Demand and Support Levels

Support 1 (~1.2600): A critical intraday level, likely to act as a short-term pivot point for bulls. If retested, it could provide an opportunity for re-entry.

Demand Zone (1.2400–1.2500): A broader accumulation zone based on historical price reactions and the swing low, providing stronger support in case of a deeper correction.



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4. Price Action within the Ascending Channel

The pair is trading in a tight ascending channel, with clear upper and lower boundaries.

The midline of the channel can act as dynamic support/resistance.

The dashed arrow projection suggests that bulls may target the channel’s upper resistance (~1.2700).



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5. Probable Scenarios

Bullish Scenario:

If the price sustains above Support 1 and remains inside the ascending channel, expect continuation toward:

Short-Term Target: 1.2650 (minor resistance).

Mid-Term Target: 1.2700 (channel resistance).



Bearish Scenario:

A break below the ascending channel’s lower boundary (~1.2600) could invalidate the bullish bias.

Potential downside levels:

1.2550 (local horizontal support).

1.2500–1.2400 (Demand Zone).




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6. Trade Ideas

Long Setup

Entry: Wait for a pullback to Support 1 (~1.2600) or channel lower boundary.

Target: 1.2650, 1.2700.

Stop Loss: Below 1.2580 (to avoid being caught in a false breakout).


Short Setup (Countertrend):

Entry: If price breaks below the channel (~1.2600).

Target: 1.2550, then 1.2500.

Stop Loss: Above 1.2635 (to account for a false breakout).



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7. Risk Management

Use proper risk-to-reward ratios (minimum 1:2).

Position sizing is critical; align trades with your account's risk tolerance.
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Feragatname

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