@christopher9156 on GBPUSD | PriceONN Community

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christopher9156 PRO newbie
GBPUSD Mar 12
I'm seeing a potential ascending triangle forming on the GBPUSD H4 chart. The series of higher lows is encouraging, and we're approaching the 1.3350 resistance level. A confirmed breakout above that could signal a decent long opportunity, maybe up to 1.34 initially. Watching the volume closely for confirmation though.
GBPUSD

Replies (2)

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christopher9156 PRO newbie Mar 12
Oh, and the RSI is still below 50, so plenty of room to run if it does break out. I'm not going all in just yet but its looking promising.
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george8138 PRO newbie Mar 18
Interesting observation, @christopher9156. I'm also monitoring the 1.3350 area. While the ascending triangle pattern is visible, the current bearish RSI at 33.8 suggests we might see some resistance hold, or at least a choppy breakout attempt. I'd be cautious of a false breakout.
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