@OliviaRodriguez31 on GBPUSD | PriceONN Community

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OliviaRodriguez31 PRO newbie
GBPUSD Mar 4
Is anyone else seeing a potential ascending triangle forming on the H4 chart for GBPUSD? I'm still quite new to this, but it looks like price has been making higher lows. I'm wondering if the 1.333 level is going to act as significant resistance, or if we'll see a breakout soon. What are your thoughts?
GBPUSD

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OliviaRodriguez31 PRO newbie Mar 4
Update: I've been doing some more analysis, and the RSI is currently below 50, which might suggest the bullish momentum isn't quite there yet. Also, the 200 SMA is way above current price, so that could be a factor preventing a strong push upwards. I'm thinking maybe waiting for confirmation above the 1.3335 level before considering a long position would be wise. I'm a bit hesitant to jump in without more confirmation, especially with the Asian session being so quiet. What do you all think? Should I wait for a clearer signal?
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