VasilyPonomarev
Short

rising wedge - sell the breakout

FX:GBPUSD   British Pound / U.S. Dollar

hey traders,

on pounddolar we have this nicely formed rising wedge pattern,
it is considered to be a reversal pattern and we are looking for a bearish breakout for an entry.

I also want to focus you attention how the market was trying to violate 1.303 structure level.
with multiple attempts to broke and close above structure, we see how bears constrain bullish pressure.
so we see to beautiful dodjis in conjunction with high volumes.

right now, I am looking for a bearish breakout and my initial target goes to market low 1.27

good luck!
Sep 13
Comment: still inside the wedge
Sep 14
Comment: breakout
Sep 15
Comment: anticipating test of 1.304
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