@eric1994 on GBPUSD | PriceONN Community
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I've been watching GBPUSD closely and it looks like it's forming a descending wedge pattern on the hourly chart. This typically signals a potential reversal to the upside. Given the current oversold conditions on the H1 timeframe, I'm anticipating a breakout above this pattern soon. It could be a good opportunity to enter a long position if the breakout is confirmed with solid volume. Let's see how it plays out over the next few hours.