DaneelDouglas

Trend following triangle setup

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
A potential triangle is forming on GBPUSD. The medium and long term trend reflects a bearish momentum. Leading me to have a short bias. Currently, this is exactly the moment in a currencies cycle when a triangle is formed. Buyers and Sellers for this pair are neck and neck each holding nearly 50% long and 50% short positions, a perfect time for a breakout trend continuation trade.
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