On GBP/USD, I have identified a false breakout of a swing low at the 1.2560 level, a zone that confirmed a bullish view on the H4 timeframe. The objective will now be to look for a bullish entry on the M15 timeframe, seeking potential upward structural breaks. In addition to this possible scenario, I have identified a bearish trend that could provide significant resistance in the event of an increase towards the 1.262 level. However, this upward movement should not encounter major issues in breaking the 1.2630 level, especially considering that at the 1.2740 level, there is a strong selling zone on the H4 timeframe where I will be looking for a short entry. This zone marked the breakthrough of the swing low at the 1.2690 level. Of course, I will keep you updated on the evolution of my idea. Have a great weekend, everyone!
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.