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.
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.
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.