Descending Triangle in GBPUSD

3 Mar 2020

This is a completed Descending triangle in Forex market in GBPUSD pair. It is maybe late for most of the traders to do anything with this pattern right now. Maybe after a pullback it becomes more reasonable to trade on this pair. But for educational purposes you can just follow the direction of price movement in this chart. updates are coming in tradingview.

5 Mar 2020

Not

Here is the pullback we have talked about before. A Reversal confirmation in Smaller time frame can make a good opportunity to enter Short Position.