Consolidating triangle - 4 hour - (GBP/USD) - Short idea

11 Tem 2020

Potential short idea for GBP/USD. Before the final breakout, consolidating triangle on the 4-hour chart indicates price action may deflect off the upper trendline, thus heading lower towards either 1.255, or even to 1.252.

Note: My analysis is not professional investment advice. I do not take responsibility for any trading decisions you make ;)