Potential Bullish Cup & Handle forming on the 4H GBPUSD Chart

Price has broke the first key resistance level and has shaped into a potential Cup & Handle on the 4H Chart.

I will keep an eye to see whether price will actually consolidate before breaking out of the potential channel that will form.

Once price has broken that channel, I will go long on this pair until price is near the next key resistance level.

Thank you for reading and happy trading!

Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Cup And HandleSupport and Resistance

Disclaimer