Potential Bullish Cypher on GBPUSD Daily Chart
https://www.tradingview.com/x/bgLCOJg0/
Hello guys, hope you guys are doing great.
I see a potential bullish cypher on GBPUSD daily chart. All the measurements are checked.
Price is reacting from a Weekly and Daily Key Level with multiple touches and Rejection showing bullish momentum.
Considering the date and period price is reacting from this Key level is very important to me based on my strategy and how I swing trade.
The potential downside to this setup is that, we might continue to see the pound going lower and testing key levels below. then we review and look out for another trading opportunity.
Till that happens. the above setup still holds to at atleast 0.382 TP1 (___ Price Level).
I will keep you guys updated going forward on this pair into the month of January 2025.
All the best guys
Hello guys, hope you guys are doing great.
I see a potential bullish cypher on GBPUSD daily chart. All the measurements are checked.
Price is reacting from a Weekly and Daily Key Level with multiple touches and Rejection showing bullish momentum.
Considering the date and period price is reacting from this Key level is very important to me based on my strategy and how I swing trade.
The potential downside to this setup is that, we might continue to see the pound going lower and testing key levels below. then we review and look out for another trading opportunity.
Till that happens. the above setup still holds to at atleast 0.382 TP1 (___ Price Level).
I will keep you guys updated going forward on this pair into the month of January 2025.
All the best guys
כתב ויתור
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