Opinions on My Analysis (GPB/USD)

Trading Discussion
1

Hello!

This is my first time posting on the forum!

I’m practicing clean support and resistance trading without filling my charts with confusing indicators and would love to some feedback on my recent analysis of the gbp/usd pair.

I noticed an uptrend to a resistance level and believe a reversal may happen. I’ve spotted a triangle patter which i forecast to break, re-test then shot down.

The oval on the chart would be my entry (50% fib), a take profit at the 100% fib level (100 pips) and a stop just at the break of the triangle pattern.

I’d love to hear your opinions, and if you have spotted tis too! Correct me if my analysis is wrong!

PipProphet.

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2

i also spotted a reversal per my analysis too. Price is struggling to break the 1.24848 resistance level on my chart and a dip to 1.22758 is expected. i am not an indicator type of trader though and is purely base on a strategy that i learntimage

3

Nice, lets see how this plays out!

4

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We see a break…