GBP/USD is trading inside a strong uptrend channel on the 4-hour chart.
Recent price action confirmed a Break of Structure (BOS), signaling solid bullish control.
Buyers have pushed price firmly above previous resistance zones.
Price is now near the upper boundary of the channel.
Signs of short-term exhaustion suggest a likely retracement ahead.
A pullback into the retracement level or channel midline would offer better risk-reward.
Key Levels to Watch:
Channel support for potential bounce.
Retracement zone as a buy opportunity.
Trade Plan:
Wait for a clean retracement toward support.
Look for bullish confirmation before entering long.
Avoid chasing highs – focus on discounted entries.
Bias: Bullish while price holds the uptrend channel structure.
Expect continuation after healthy correction.
Patience is critical – let the market set up a quality entry.
Traders should align with the dominant trend and manage risk carefully.
Like, comment, share, and follow for more trading ideas.
Recent price action confirmed a Break of Structure (BOS), signaling solid bullish control.
Buyers have pushed price firmly above previous resistance zones.
Price is now near the upper boundary of the channel.
Signs of short-term exhaustion suggest a likely retracement ahead.
A pullback into the retracement level or channel midline would offer better risk-reward.
Key Levels to Watch:
Channel support for potential bounce.
Retracement zone as a buy opportunity.
Trade Plan:
Wait for a clean retracement toward support.
Look for bullish confirmation before entering long.
Avoid chasing highs – focus on discounted entries.
Bias: Bullish while price holds the uptrend channel structure.
Expect continuation after healthy correction.
Patience is critical – let the market set up a quality entry.
Traders should align with the dominant trend and manage risk carefully.
Like, comment, share, and follow for more trading ideas.
Trade active
GBPUSD – Retracement Level TouchedGBPUSD has now touched the key retracement level as expected.
Buyers are stepping in, but no strong bullish confirmation yet.
We’re closely watching for a big bullish candle to confirm entry.
Plan:
1.Wait for bullish confirmation (strong candle close).
2.Only hold trades after confirmation of buyer strength.
3.Avoid early entries – patience is key at this zone.
4.Structure still supports the uptrend; this pullback is healthy.
5.Let price confirm before committing to long positions.
Like, comment, share, and follow for more trade setups.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProfessionalTrader
t.me/JosProfessionalTrader
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.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProfessionalTrader
t.me/JosProfessionalTrader
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.