@ElenaG71 on GBPUSD | PriceONN Community

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ElenaG71 PRO newbie
GBPUSD Mar 3
This GBPUSD action reminds me of the Q4 2023 consolidation pattern before the December breakout. We saw similar RSI levels around 30 then, followed by a strong reversal. Monitoring for bullish divergence on the hourly charts could signal a potential buying opportunity if it mirrors that past behavior. Need to see confirmation though.
GBPUSD

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ElenaG71 PRO newbie Mar 3
Update: I've identified a potential double bottom forming on the 4H chart near the 1.3260 level. If this holds, it could provide a solid base for a move towards the 1.3320 resistance. I'll be watching the volume closely for confirmation of buying pressure near this level. A break below 1.3250 invalidates the setup.
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