Description
⋅ GBPUSD : A Contracting Triangle Ahead of FOMC
Price is creating a contracting triangle ahead of FOMC.
THis is showing that the market is hesitating to create the next
bullish or bearish movement.
Everyone is focused on FOMC decision and the Monetary Policy statement.
Technical Analysis:
You can trade within the triangle.
Above the triangle
On the bearish side of the triangle.
Just position yourself where do you feel better and you see a trading opportunity.
All the trading scenarios are possible today.
Thank you and Good Luck!