The GBP/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support โ 1.3485
2nd Support โ 1.3444
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Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support โ 1.3485
2nd Support โ 1.3444
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๐ Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
PlacedNote
In Good Profit
Trade closed: target reached
with Good Profit
Note
The U.S. dollar strengthened against key currencies as geopolitical tensions in the Middle East escalated due to an Israeli strike on Iran, leaving investors anxious ahead of the Federal Reserve's interest rate announcement scheduled for Wednesday.Note
Global markets were on edge. Investors felt uncertain and apprehensive about the potential outcomes stemming from the imminent U.S. Interest Rate announcement and the escalating tensions in the Middle East.Note
Important Updates : ๐๐Israel-Iran conflict continued but did not escalate to U.S. involvement. while investors remained careful because of uncertain. (Tricky and Risky)
Note
U.S. attack on Iranian nuclear sites, Investors might quickly sell stocks due to fears of increased geopolitical tensions and potential economic instability. At the same time, they may buy "safe-haven" assets, such as gold or government bonds, which are considered more stable during uncertain times.
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๐๐ Join My Free Telegram Channel :
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๐๐Telegram me @t.me/kabhidhan
โณ๏ธ Forex Technical Charts : telegram.me/kabhifx
๐๐Telegram me @t.me/kabhidhan
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.