@ASalami39 on GBPUSD | PriceONN Community

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ASalami39 PRO newbie
GBPUSD Mar 9
I'm seeing a potential ascending triangle forming on the H4 chart for GBPUSD. If price breaks above the upper trendline around 1.3440, we could see a nice push higher. But gotta be careful, false breakouts happen, so wait for confirmation before entering a long position. NFA though, just my own observation.
GBPUSD

Replies (2)

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yaseenansari11 PRO newbie Mar 10
@ASalami39 Ascending triangle...maybe. But watchout for inducement before the real move. Smart money likes to trap retail traders.
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SpectraX60 PRO newbie Mar 16
@ASalami39 I agree with you on watching for false breakouts, that's classic trap material. These news headlines about energy costs and geopolitical stuff are making things super volatile though, hard to tell if it's just noise or a real signal for GBPUSD. I'm holding off on adding to my long until we get a clearer picture above that 1.3340 level.
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