GBPUSD on the 1H time-frame.
Steps:
1. The price is moving in the parallel channel of uptrend.
2. The price still creating the higher low which is shown the strong uptrend.
3. Will place BUY order position again when the price breakout the resistance line at 1.37403 but this level is shown triple top that mean its may reversal here.
4. If the price can not breakout at the resistance level and also breakout the lower channel then the reversal pattern is happen by open SELL order position.
Steps:
1. The price is moving in the parallel channel of uptrend.
2. The price still creating the higher low which is shown the strong uptrend.
3. Will place BUY order position again when the price breakout the resistance line at 1.37403 but this level is shown triple top that mean its may reversal here.
4. If the price can not breakout at the resistance level and also breakout the lower channel then the reversal pattern is happen by open SELL order position.
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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.
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.