Pair: GBPUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break, ascending triangle pattern
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Key Takeaway: Last week we saw a break of pennant pattern and the pair showed overall strength with BOE attempts in rescuing GBP. We are looking for a break of this next level of resistance and a retest before entering long although price could find is difficult to break this level and we could see downsides, we have to keep our mind open to both possibilities
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Level needed: need a close by 1.12330
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Trade: LONG
RISK:REWARD 1:6
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break, ascending triangle pattern
—————
Key Takeaway: Last week we saw a break of pennant pattern and the pair showed overall strength with BOE attempts in rescuing GBP. We are looking for a break of this next level of resistance and a retest before entering long although price could find is difficult to break this level and we could see downsides, we have to keep our mind open to both possibilities
—————
Level needed: need a close by 1.12330
—————
Trade: LONG
RISK:REWARD 1:6
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION