The GBPUSD is currently consolidating at a solid intraday/daily support level.
To enter a buy position with confirmation, it's advisable to wait for a breakout on the 4-hour chart.
A breakout followed by a 4-hour candle closing above the horizontal resistance will serve as a strong bullish signal, with a target of 1.3558.
Conversely, if the price makes a new lower low on the 4-hour chart, this setup will be considered invalid.
To enter a buy position with confirmation, it's advisable to wait for a breakout on the 4-hour chart.
A breakout followed by a 4-hour candle closing above the horizontal resistance will serve as a strong bullish signal, with a target of 1.3558.
Conversely, if the price makes a new lower low on the 4-hour chart, this setup will be considered invalid.
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Join our Telegram channel for daily market update 👇👇
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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.