Investroy

GBP/USD, beautiful price action. What's next?

Short
FX:GBPUSD   British Pound / U.S. Dollar
If we take a look at higher timeframe charts, we can observe that the price has formed a nice descending triangle pattern. A strong bearish candle has rejected the upper boundary of the formed triangle pattern and the price is now headed down from here. We are expecting for the price to keep dropping and reach the zone of crucial zone of demand identified on the graphical illustration

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