GBPUSD : Symmetrical Triangle, Next Breakout Setup !

Por InsiderB
Actualizado
Its simple guys, we have symmetrical triangle pattern in GBPUSD and I have overlayed with Elliott wave count ( if you aren't comfortable with waves skip that part, no issues ). Even then we are in Bearish tone, so I expect the triangle to break to downside. Moreover in GBPUSD we have hourly resistance zone around 1.2380's , so even if upside break happens it may turn false.

Happy Trading !
Operación activa
Breakout on, after confirmation short Gbpusd
Orden cancelada
No trades taken as it broke upside, Usually we take trade in any direction bcos of resistance we didnt take upside trade & the missed one turned to be winner.

We will see in next trade setup !
breakoutzoneGBPUSDgbpusdshortSymmetrical Triangle
InsiderB

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