InvestMate

πŸ’·πŸ’΅ GBP/USD Breakout from Triangle Before Declines πŸ’·πŸ’΅

Short
FX:GBPUSD   British Pound / U.S. Dollar
πŸ’·πŸ’΅ GBP/USD Breakout from Triangle Before Declines

πŸ’·πŸ’΅ Nearest strong support zone: around fibo level 0.236 of the downtrend wave.

πŸ’·πŸ’΅ Nearest strong resistance zone: around recent peaks.

πŸ’·πŸ’΅ Technical environment:

πŸ“Š Moving averages: Downtrend

πŸ“Š MACD: Downtrend

πŸ“Š RSI: Uptrend (divergence)

πŸ“‰ The scenario I am playing out is a breakout from the triangle followed by a continuation of declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, In case of a change in perspective I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.

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