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.
Please do not forget to like, comment and follow as your support greatly helps.
Thank you for your support.
BluetonaFX
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.
Please do not forget to like, comment and follow as your support greatly helps.
Thank you for your support.
BluetonaFX
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.