Darenth

GBPUSD, Huge triangle shorting!

Short
FX:GBPUSD   British Pound / U.S. Dollar
A huge triangle, the selling point of the second is forming, we can better from the microscopic observation.
We can see, from the beginning of the Reverse, RSI overbought form three times has already begun.The third time, formed the RSI deviation.MACD can also be verified.In my experience, with the green line identification reversal pattern, RSI deviation was a clear at the top of the signal.And it appears in the lower edge of the triangle, so I think this time the rebound has completed.
Due to the pressure of EMA55, So they have reason to believe that this time will be lower than end circle section.

The following is my trading plan:
I took the distributed positions, sell 1556, SL1570, TP1 TP2 TP3 1463 1501 1525.

Suggestion: the above are for reference only, please careful consideration before use, welcome to discuss
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.