GBP/USD chart (1H timeframe), potential breakout from a descending channel, supported by the Ichimoku Cloud and marked target levels.
📈 Current Analysis Highlights:
Price is near the lower end of the descending channel.
A bullish reversal setup is forming.
I'm drawn two Target Points indicating a breakout and continuation.
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🎯 Target Levels (as per your chart):
1. First Target Point:
🔹 1.36200 — This is the initial resistance level or TP1 if price breaks above the Ichimoku cloud and mid-channel resistance.
2. Final Target Point:
🔹 1.36800 — This is the upper resistance zone and aligns with the top of the descending channel, a likely TP2 area if bullish momentum continues.
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✅ Summary:
Entry idea: After confirmation of a breakout above the cloud (~1.35600).
TP1: 1.36200
TP2: 1.36800
📈 Current Analysis Highlights:
Price is near the lower end of the descending channel.
A bullish reversal setup is forming.
I'm drawn two Target Points indicating a breakout and continuation.
---
🎯 Target Levels (as per your chart):
1. First Target Point:
🔹 1.36200 — This is the initial resistance level or TP1 if price breaks above the Ichimoku cloud and mid-channel resistance.
2. Final Target Point:
🔹 1.36800 — This is the upper resistance zone and aligns with the top of the descending channel, a likely TP2 area if bullish momentum continues.
---
✅ Summary:
Entry idea: After confirmation of a breakout above the cloud (~1.35600).
TP1: 1.36200
TP2: 1.36800
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Forex, gold and crypto signal's with detailed analysis & get consistent results..
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Gold signal's with proper TP & SL for high profits opportunities..
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t.me/RSI_Trading_Point4
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
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.