Descending triangle EURGBP
Actualizado
This pair attracted my attention with the formation of a descending triangle on the daily chart. We may either have breakout of the descending triangle or a busted pattern.. either way the market is the overall judge.. On the daily chart the market is simply in an uptrend but the recent lower highs is suggesting that this pair is cooling off and may rotate to the downside. the recent lower lows is giving us the descending triangle pattern to work with and the pattern is nearing a breakout.
A breakout and retest would target the rising trendline...
will update with an entry point if we have a validation
A breakout and retest would target the rising trendline...
will update with an entry point if we have a validation
Operación activa
we are sneaking in a sell stop below yesterdays low at 0.90234
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