One could spot a descending triangle on the GBPUSD chart, now that the week is finished. The alignment of the candles on the H4 or daily chart sets out the premises for a bear run to 1.2820, the previous support, and possibly more later on.
Nota
Your thumbs up and comments are much wanted and I am grateful to receive them.
Operación activa
The pair reached the bottom of the triangle and was rejected, I believe it will retest the area.
Operación activa
The pair spiked due to positive data being released.
Operación activa
The pair has neared the upper limit of the descending triangle.
Operación activa
The price has moved beyond the upper limit of the descending triangle.
Operación cerrada: precio stop alcanzado
Even if the price might return to retest the upper limit of the descending triangle, it gave today a strong bullish signal and so I look forward to going long.
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