GBPUSD PENNANT BREAK, UPSIDE POTENTIAL
Pair: GBPUSD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: If we see a break above our rounded number and top of pennant patter on the next 4H close we will be looking for potential buy trades. We need to also see alot of volatility for the pair.
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Level needed: need a close by 1.15777
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Trade: Long
RISK:REWARD 1:5
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
—————
Key Takeaway: If we see a break above our rounded number and top of pennant patter on the next 4H close we will be looking for potential buy trades. We need to also see alot of volatility for the pair.
—————
Level needed: need a close by 1.15777
—————
Trade: Long
RISK:REWARD 1:5
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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.
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.