GBP/USD - 4HR Structure!

OANDA:GBPUSD   British Pound / U.S. Dollar
This is GBP/USD on the 4hr chart. In most recent price we can see we broke a key level yesterday and we can see price has revisited our level quickly after. The blue circle at the top indicates where trendline bounces and whole psychological levels can be used in harmony to take high probability entries! If you remember we posted GU analysis on the 15 minute timeframe and we showed you how to identify a triple top and combine it with our 1.37 level which would have made you lots of pips! The ascending channel (marked by our two black lines) has been identified on the Daily timeframe .

Happy Trading!


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