GBP/USD - H4 Chart - Rising Wedge Breakout

29 בנוב׳ 2024

The GBP/USD pair on the H4 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Days.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 1.2695, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.2862
2nd Support – 1.3006

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Best Regards, KABHI FOREX TRADING
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29 בנוב׳ 2024

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30 בנוב׳ 2024

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