Get started
andrewlimanto77

GBPUSD rally slowed down, Descending triangle pattern

British Pound / U.S. Dollar (FX:GBPUSD)  
andrewlimanto77 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD neutral Bullish Patterns waitfordeep
2
0
trendanalysis gbpusd neutral bullish waitfordeep
this chart shows me that GBPUSD is moving lower testing unfresh demand zone again
price might drop to 1.30000 - 1.29600 then start rally again (wait for reversal pattern)

if unfresh demand zone is broken, price might go lower @ 1.29000
Comment:
the price is on the unfresh demand zone, sell stop below lowest low that has been made, and target would be on fresh #1 / #2

always set 2 scenarios if the price don't go in your favor guys =)
happy trade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.