InsiderB

GBPUSD : Descending Triangle Waiting for Breakout

FX:GBPUSD   British Pound/U.S. Dollar
Hi Guys,

In GBPUSD             the market is pretty much ranging for sometime and we have descending triangle formation which is about to breakout. While trading triangles the important thing to note is to avoid the false breakouts. Enter the breakout direction after checking your risk reward for the trade. Usually descending triangle breaksout downside but anything can happen , so be planned before you enter the trade.

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