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Gbpusdopportunity

BluetonaFX - GBPUSD Potential Triangle Breakout OpportunityHi Traders! There is a potential triangle breakout opportunity here on the GBPUSD 4H chart. We are looking for a momentum break and close on either side of the triangle. To the upside we have resistance at 1.27922 and a momentum break and a close above this level we have a target at 1.28499. To the downside we are looking for a break and close below our trendline, a momentum break and a close below the trendline and we have a target at 1.26828. Please do not forget to like, comment and follow as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
BluetonaFX - Potential Head & Shoulders OpportunityHi Traders! There is a potential Head & Shoulders opportunity here on the GBPUSD 1D chart. The market looks to be approaching the neckline, and we are now looking for a break and a close below the neckline with momentum to target lower levels. If we get a break and close of the neckline, we have the first profit target level at 1.26800, and if you want to hold on for a larger risk-reward trade, our second target level is at 1.25000. The confirmation signal for entry will be to either wait for a momentum break and close to the neckline or to wait for a break below with a retest of the neckline. We must get this for the potential opportunity to be fulfilled. On the other side of the trade, if we fail to break and close below the neckline, we will most likely go back to the upside to retest 1.30000. We will keep a close eye on this and will update you if we get any further action on this setup. Please make sure you give us a like, follow, and comment. Thank you for your support. BluetonaFX
by BluetonaFX
2