fxplan

GBPUSD : Symmetrical Triangle

The GBP/USD has formed a symmetrical triangle pattern on a  1 hour time frame.

PLAN A&B

A. Breakout up could target at resistance 1.5154 , wait for throwback retest of breakout point to confirm the buy signal.

B. Breakout down could target at 1.5028 , 1.4951 (bearish continuation) ,wait for pullback retest of breakout point to confirm the sell signal.

 

GBPUSDH1

 

 

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