Potential Bullish Cup & Handle forming on the 4H GBPUSD Chart
Price has broke the first key resistance level and has shaped into a potential Cup & Handle on the 4H Chart.
I will keep an eye to see whether price will actually consolidate before breaking out of the potential channel that will form.
Once price has broken that channel, I will go long on this pair until price is near the next key resistance level.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
I will keep an eye to see whether price will actually consolidate before breaking out of the potential channel that will form.
Once price has broken that channel, I will go long on this pair until price is near the next key resistance level.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Penafian
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