FxKool

Classic Triangle Pattern GBPUSD?

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
12 0 1
Don't go into details here. Just trade the price action. As you may notice from the graph GBPUSD             is being traded in a squeezed range. The pair has been in descending channel since March 18th and perfectly bounced off the tops for 3 times. We could see the 4th time now as long as cable closes below 1.42800.

My second forecast is that the pound will reach 1.43500+ and start off its journey down to 1.3800+. Will drop another view on it shortly. Trade safe
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out