GBP/USD: Bullish Cup and Handle Pattern on 1-Hour Time Frame
Identified a classic continuation bullish pattern, the cup and handle, on the GBP/USD pair in the 1-hour time frame.
This pattern suggests a potential upward move, providing a favourable risk-reward opportunity for traders.
Trade Setup:
Entry Point: Initiate a long position at 1.28466, the breakout level of the handle.
Stop Loss: Place a stop loss at 1.28013 to manage downside risk.
Target Price: Aim for a target price of 1.29202, based on the height of the cup pattern projected from the breakout point.
This setup aligns with our bullish outlook on GBP/USD, supported by technical indicators confirming the pattern's validity.
Monitor the trade closely for any potential shifts in market sentiment.
This pattern suggests a potential upward move, providing a favourable risk-reward opportunity for traders.
Trade Setup:
Entry Point: Initiate a long position at 1.28466, the breakout level of the handle.
Stop Loss: Place a stop loss at 1.28013 to manage downside risk.
Target Price: Aim for a target price of 1.29202, based on the height of the cup pattern projected from the breakout point.
This setup aligns with our bullish outlook on GBP/USD, supported by technical indicators confirming the pattern's validity.
Monitor the trade closely for any potential shifts in market sentiment.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.