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UnknownUnicorn4603937

Short

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
UnknownUnicorn4603937  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Lines Chart Patterns Wave Analysis downtrend Bearish Patterns correctivestructure GBPUSD pounddollar riskreward
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trendline chartpattern waveanalysis downtrend bearish correctivestructure gbpusd pounddollar riskreward
GBPUSD is forming an expanding triangle in the daily chart. So this structure tells us that
this currency pair is in a down trend right now. I won't recommend anyone to short this currency because taking a short position right now would be a high risk, instead we should wait for the price to form a corrective structure or a pullback then sell this currency pair.
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