One could spot a descending triangle on the GBPUSD chart, now that the week is finished. The alignment of the candles on the H4 or daily chart sets out the premises for a bear run to 1.2820, the previous support, and possibly more later on.
Your thumbs up and comments are much wanted and I am grateful to receive them.
The pair reached the bottom of the triangle and was rejected, I believe it will retest the area.
The pair spiked due to positive data being released.
The pair has neared the upper limit of the descending triangle.
The price has moved beyond the upper limit of the descending triangle.
Trade closed: stop reached:
Even if the price might return to retest the upper limit of the descending triangle, it gave today a strong bullish signal and so I look forward to going long.