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EURGBP: Ascending Triangle In Bear Trend

Long
Euro / British Pound (FX:EURGBP)  
VasilyTrader Updated   
FX:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Technical Indicators Forex trading Technical Analysis GBP EUR EURGBP pound euro signal
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trendanalysis chartpattern indicator forex trading technicalanalysis gbp eur eurgbp pound euro signal
snapshot

hey traders,

on EURGBP we have a perfect example of a descending triangle in a bearish trend.
it is a very classic reversal pattern indicating a weakening bearish momentum.

We trade it waiting for a bullish breakout of a horizontal structure resistance to long the market.

Stop 0.8815

T1 - 0.887
T2 - 0.889
Comment:
That was very painful guys :)
I know that some of your very stopped out with the spread.
I am still in and hopefully it wont retrace again!)
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