The GBP/USD trend is bullish on the H1 chart, with a key turning

Nov 28, 2024

H1 Chart Story

1. Current Trend: The bullish momentum suggests that buyers are in control, with the market potentially forming higher highs and higher lows on the H1 timeframe.


2. Turning Point - 1.26420:

Above 1.26420: A sustained break above this level may confirm further upside momentum, signaling buyers' confidence. This could act as a support level in case of pullbacks.

Below 1.26420: A move below this level might indicate weakening bullish momentum or a potential short-term correction.



3. Key Levels to Watch:

Immediate Resistance: Look for resistance around recent highs, potentially at 1.26800–1.27000.

Support Zones: Immediate support could form near 1.26000, followed by the critical turning point at 1.26420.



4. Indicators and Patterns:

Check for trend continuation patterns like flags or pennants above 1.26420.

Nov 29, 2024

Trade active

GBPUSD result is amazing I hope you are enjoy the profit on this chart

Dec 2, 2024

Trade closed: target reached

That's great to hear that your GBP/USD trade hit its target! close target reached