GBPUSD: Your Trading Plan For Next Week ๐ฌ๐ง๐บ๐ธ
https://www.tradingview.com/x/69ZaZQou/
GBPUSD is testing a key daily structure support.
Analyzing the reaction of the price to that, I spotted a double bottom formation on 1H time frame.
To buy the pair with a confirmation, wait for a bullish breakout of its neckline.
Hourly candle close above 1.2737 will confirm the violation.
A bullish continuation will be expected to 1.2787.
Alternatively, if the price sets a new lower low on 1H, the setup will become invalid.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
GBPUSD is testing a key daily structure support.
Analyzing the reaction of the price to that, I spotted a double bottom formation on 1H time frame.
To buy the pair with a confirmation, wait for a bullish breakout of its neckline.
Hourly candle close above 1.2737 will confirm the violation.
A bullish continuation will be expected to 1.2787.
Alternatively, if the price sets a new lower low on 1H, the setup will become invalid.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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