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GBPUSD: Intraday Bullish Signal
I spotted a strong bullish signal on the 📈GBPUSD chart. The currency pair showed a double bottom pattern on the 4-hour timeframe and successfully broke through both a key resistance level and a parallel channel resistance line.
The neckline of the double bottom pattern was formed by a horizontal resistance level on an intraday basis.
The highlighted blue area represents a good opportunity to enter a long position, as the neckline and trend line have been breached.
It is expected that the pair will continue to rise towards the 1.2808 level.
The neckline of the double bottom pattern was formed by a horizontal resistance level on an intraday basis.
The highlighted blue area represents a good opportunity to enter a long position, as the neckline and trend line have been breached.
It is expected that the pair will continue to rise towards the 1.2808 level.
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