GBP/USD Bullish Setup: Buyers Show Strong Interest
Analysis:
The Cable (GBP/USD) on the hourly chart has demonstrated impressive strength to the upside recently. However, on Friday, we observed a trend-changing pullback, with price retreating from a high of 1.2502 to a low of 1.2426.
Following this, the price broke the previous high again before creating a momentum low at 1.2414 earlier today.
On the 5-minute chart, a bullish setup has now formed following the momentum low. This suggests that buyers remain engaged, and we could see a bullish move back towards the 1.2499 level or potentially the high of 1.2524.
Entry Price: 1.2447 Long Entry
Stop Loss: 1.2412
Happy trading!
The Cable (GBP/USD) on the hourly chart has demonstrated impressive strength to the upside recently. However, on Friday, we observed a trend-changing pullback, with price retreating from a high of 1.2502 to a low of 1.2426.
Following this, the price broke the previous high again before creating a momentum low at 1.2414 earlier today.
On the 5-minute chart, a bullish setup has now formed following the momentum low. This suggests that buyers remain engaged, and we could see a bullish move back towards the 1.2499 level or potentially the high of 1.2524.
Entry Price: 1.2447 Long Entry
Stop Loss: 1.2412
Happy trading!
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.