GBPUSD Bullish Rectangle
Breakout of Rectangle
Once we have the price action contained within the newly formed sideways parallel channel, we will want to wait for a breakout and close above the resistance line in the case of an upside breakout, and below the support line in case of a downside breakout.
Once we have the price action contained within the newly formed sideways parallel channel, we will want to wait for a breakout and close above the resistance line in the case of an upside breakout, and below the support line in case of a downside breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.