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Profound_Ambition
Jul 12, 2020 3:18 PM

GBPUSD H4 

British Pound/U.S. DollarFXCM

Description

Price is now in a rising wedge formation, & failed to breakout of the strong area of resistance (looking left). Will be waiting for a breakout of the wedge pattern along with the current uptrend structure to confirm that price will start making its way back lower once again this week.

Ideas will be updated through my public telegram channel, link is in bio if intersted! Thank you all for your support & have a great trading week ahead! :)

Comment

H2: Double top formation, waiting for a breakout of structure & pullback to look into taking a short trade.

Comment

D1: Looking left, price has reacted very strong off this level in the past, and is now showing some indecision candlesticks at this key area once again now.
Comments
NanaSika
Nice setup
Profound_Ambition
@NanaSika thank you!! (:
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