GBPUSD : Symmetrical Triangle, Next Breakout Setup !

21 Kas 2016

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 !

21 Kas 2016

İşlem aktif

Breakout on, after confirmation short Gbpusd

21 Kas 2016

Emir iptal

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 !