GBPUSD has maintained above 1.2300 and sits around 1.23600 on an important resistance level . The 4-hour chart is showing us that it is in a bullish triangle formation on a breakout.
The levels we must keep in mind are the following: 1.22003, 1.22700 - 1.24700, 1.25600
What do we have here?
✔️ Bullish Triangle Formation
✔️ Breakout on Multiple Timeframes
✔️ GBPUSD- Failed at Support Level
Thank you, Connor,
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The levels we must keep in mind are the following: 1.22003, 1.22700 - 1.24700, 1.25600
What do we have here?
✔️ Bullish Triangle Formation
✔️ Breakout on Multiple Timeframes
✔️ GBPUSD- Failed at Support Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
