2H Pennant Formation – Multi-Timeframe FMFR Confirmation SetupBritish Pound / U.S. DollarFOREXCOM:GBPUSDsddhrthmallick736On the 2-hour time frame, a clear pennant formation is visible, indicating a consolidation phase before the next potential move. For a higher probability setup, we need to see FMFR (First Move Fake then Reversal) confirmation on both the 2-hour and the latest 30-minute time frame. Additionally, this 2-hour pennant can be further refined on the 1-hour and 30-minute charts to get a more precise structure and entry zone. Waiting for proper confirmation across these time frames will help in aligning with a stronger and more reliable move.