GBPUSD LOTTO MONEY
Key Supply and Demand Zones:
Demand Zones (Support):
1.2500 - 1.2475:
Multiple tests of this area indicate significant buyer interest. This zone aligns with psychological support and the recent low.
1.2430 - 1.2400:
Historical support zone where buyers stepped in during previous downtrends.
Supply Zones (Resistance):
1.2550 - 1.2575:
Overlapping with the 50 EMA on shorter timeframes, this area represents a near-term resistance zone.
1.2640 - 1.2650:
Major supply zone reinforced by the 200 EMA on higher timeframes. Price will need significant bullish momentum to break above this level.
Targets:
Upside Targets:
Target 1: 1.2550 (near-term resistance).
Target 2: 1.2600 - 1.2640 (upper range and next key resistance).
Downside Targets:
Target 1: 1.2500 - 1.2475 (immediate demand zone).
Target 2: 1.2430 - 1.2400 (next key support).
Trade Scenarios:
Scenario 1: Bearish Continuation
Setup: Wait for a rejection near the 1.2550 - 1.2575 resistance zone.
Entry: Short position around 1.2545 - 1.2560.
Stop Loss: Above 1.2580.
Take Profit:
Target 1: 1.2500.
Target 2: 1.2475.
Reasoning:
The pair remains in a downtrend with clear resistance at 1.2550. RSI and MACD are neutral-to-bearish, supporting the continuation of the trend.
Scenario 2: Bullish Reversal
Setup: Look for a bounce from the 1.2500 - 1.2475 demand zone.
Entry: Long position near 1.2505 - 1.2485 (on confirmation like a bullish engulfing candle).
Stop Loss: Below 1.2465.
Take Profit:
Target 1: 1.2550.
Target 2: 1.2600.
Reasoning:
If the demand zone holds, the pair could retrace higher to test near-term resistance. Oversold RSI on smaller timeframes supports a potential bounce.
Scenario 3: Breakout Play
Setup: If the price breaks and closes above 1.2575.
Entry: Long position above 1.2580.
Stop Loss: Below 1.2550.
Take Profit:
Target 1: 1.2600.
Target 2: 1.2640.
Reasoning:
A breakout above resistance would invalidate the bearish trend and signal a short-term reversal toward the next supply zone.
Indicators to Watch:
RSI:
A divergence near key zones (e.g., higher lows on RSI while price forms lower lows) can signal reversals.
MACD:
Watch for crossovers near key zones for momentum confirmation.
VWAP:
Currently near 1.2529, acting as dynamic resistance. A break above this level would strengthen bullish momentum.
Risk Management:
Keep risk-to-reward ratio at 1:2 or better.
Position sizing should account for stop-loss distance and overall account size.
Demand Zones (Support):
1.2500 - 1.2475:
Multiple tests of this area indicate significant buyer interest. This zone aligns with psychological support and the recent low.
1.2430 - 1.2400:
Historical support zone where buyers stepped in during previous downtrends.
Supply Zones (Resistance):
1.2550 - 1.2575:
Overlapping with the 50 EMA on shorter timeframes, this area represents a near-term resistance zone.
1.2640 - 1.2650:
Major supply zone reinforced by the 200 EMA on higher timeframes. Price will need significant bullish momentum to break above this level.
Targets:
Upside Targets:
Target 1: 1.2550 (near-term resistance).
Target 2: 1.2600 - 1.2640 (upper range and next key resistance).
Downside Targets:
Target 1: 1.2500 - 1.2475 (immediate demand zone).
Target 2: 1.2430 - 1.2400 (next key support).
Trade Scenarios:
Scenario 1: Bearish Continuation
Setup: Wait for a rejection near the 1.2550 - 1.2575 resistance zone.
Entry: Short position around 1.2545 - 1.2560.
Stop Loss: Above 1.2580.
Take Profit:
Target 1: 1.2500.
Target 2: 1.2475.
Reasoning:
The pair remains in a downtrend with clear resistance at 1.2550. RSI and MACD are neutral-to-bearish, supporting the continuation of the trend.
Scenario 2: Bullish Reversal
Setup: Look for a bounce from the 1.2500 - 1.2475 demand zone.
Entry: Long position near 1.2505 - 1.2485 (on confirmation like a bullish engulfing candle).
Stop Loss: Below 1.2465.
Take Profit:
Target 1: 1.2550.
Target 2: 1.2600.
Reasoning:
If the demand zone holds, the pair could retrace higher to test near-term resistance. Oversold RSI on smaller timeframes supports a potential bounce.
Scenario 3: Breakout Play
Setup: If the price breaks and closes above 1.2575.
Entry: Long position above 1.2580.
Stop Loss: Below 1.2550.
Take Profit:
Target 1: 1.2600.
Target 2: 1.2640.
Reasoning:
A breakout above resistance would invalidate the bearish trend and signal a short-term reversal toward the next supply zone.
Indicators to Watch:
RSI:
A divergence near key zones (e.g., higher lows on RSI while price forms lower lows) can signal reversals.
MACD:
Watch for crossovers near key zones for momentum confirmation.
VWAP:
Currently near 1.2529, acting as dynamic resistance. A break above this level would strengthen bullish momentum.
Risk Management:
Keep risk-to-reward ratio at 1:2 or better.
Position sizing should account for stop-loss distance and overall account size.
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