BluetonaFX - GBPUSD Potential Triangle Breakout Opportunity

Hi Traders!

There is a potential triangle breakout opportunity here on the GBPUSD 4H chart.

We are looking for a momentum break and close on either side of the triangle. To the upside we have resistance at 1.27922 and a momentum break and a close above this level we have a target at 1.28499.

To the downside we are looking for a break and close below our trendline, a momentum break and a close below the trendline and we have a target at 1.26828.

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Thank you for your support.

BluetonaFX

تعليق:

There was a short squeeze above the resistance level at 1.27922 but failed to close above before a momentum move back down to break and close below the trendline to reach the target at 1.26828.