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KarYong
Mar 26, 2015 12:22 PM

GBPUSD: Potential Breakout Trade Short

British Pound/U.S. DollarFXCM

Description

As the previous structure resistance seems to be holding pretty well, with the formation of a triangle pattern, breakout traders can look for the breakout of the consolidation and ride for a trend continuation trade.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
Comments
FX-Error
First .... Thanks for your Analysis ... i have the same opinion as you .... i got involved With a short Trade but i waited for the Retest of the Broken Level ....it seems That The Price Want to get Down Thanks to The Selling Pressure ....So let's Watch The chart and see what's coming ... Wish you Best Luck Trader
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