GBP/USD - Cup and Handle Pattern in 1-Hour Time Frame

25 Eki

We are seeing a cup and handle pattern forming on the 1-hour time frame. If the price breaks out above the top of the handle, my target will be the pink resistance zone. This target is calculated by measuring the distance from the bottom of the cup to the top and projecting it upwards. Waiting for confirmation of the breakout before entering a long position.