Price formed a Potential Falling Wedge pattern with a waiting for break of LH as current Temporary Resistance.
• ✅ Entry is triggered only after a confirmation candle breaks above the LH.
• Buy Stop is placed to catch the momentum move.
• Stop Loss is at the recent lower Low (safe and logical placement).
• 🎯 Take Profit levels are based on measured move projections.
Trade Plan:
• Buy Stop = 1.34774
• Stop Loss = 1.33889
• Take Profit 1: 1.35637
• Take Profit 2: 1.36596
• Lot size : 1:2 Risk Reward Ratio
“Waiting for Lower High to break with Bullish confirmation candle” – this ensures you enter only on strong momentum.
GBPUSD is forming a Potential Bullish Reversal pattern with clear structure. A break of the neckline confirms the setup
Key Highlights:
• ✅ Pattern: Falling Wedge
• ⚠️ Confirmation: Break + Bullish candle
• 🔄 Risk Management: Tight SL, 2 TP levels
• 🧩 Confluence: Trendline Bounce + structure shift + RSI Divergence
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.
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.