Hi Traders!
We have a simple triangle setup here on the GBPUSD 4H chart. There is a *Vector* level (our unique way of highlighting key and important levels in our FX charts) at 1.22746.
The last time we were below 1.22746 was over two months ago around the end of March 2023, so there is bound to be some support if we approach that level again for the first time since April.
We are now waiting for a possible break and close to the downside to target 1.22746.
If we fail the break to the downside, we have a Vector level to the upside of the break and close of the triangle at 1.25467.
Please remember to like, comment and follow.
Thank you for your support.
BluetonaFX
We have a simple triangle setup here on the GBPUSD 4H chart. There is a *Vector* level (our unique way of highlighting key and important levels in our FX charts) at 1.22746.
The last time we were below 1.22746 was over two months ago around the end of March 2023, so there is bound to be some support if we approach that level again for the first time since April.
We are now waiting for a possible break and close to the downside to target 1.22746.
If we fail the break to the downside, we have a Vector level to the upside of the break and close of the triangle at 1.25467.
Please remember to like, comment and follow.
Thank you for your support.
BluetonaFX
