GBPUSD is currently testing an important level of support on a short-term chart.
To consider shorting the pair, look for an ascending triangle pattern on a 4-hour timeframe.
A confirmation signal would be a breakout above the horizontal neckline, specifically a 4-hour candle closing above 1.2616.
If this occurs, consider aggressively shorting the market or waiting for a retest before entering a short position with a target of 1.2700.
On the other hand, a bearish violation of the horizontal support level would indicate a strong continuation of the bearish trend.
To consider shorting the pair, look for an ascending triangle pattern on a 4-hour timeframe.
A confirmation signal would be a breakout above the horizontal neckline, specifically a 4-hour candle closing above 1.2616.
If this occurs, consider aggressively shorting the market or waiting for a retest before entering a short position with a target of 1.2700.
On the other hand, a bearish violation of the horizontal support level would indicate a strong continuation of the bearish trend.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.