On the 1 hour timeframe, GBP USD has formed a Double Bottom at the Daily + 4 Hour support level.
For a more conservative entry, we need to wait for a breakout of the neckline, followed by a retest.
We’ll then look for candlestick confirmations at the retest level before entering a buy position.
For a more conservative entry, we need to wait for a breakout of the neckline, followed by a retest.
We’ll then look for candlestick confirmations at the retest level before entering a buy position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.