ForexVader
Short

Preparing to Pound Down - GBPUSD

FX:GBPUSD   British Pound / U.S. Dollar
Consolidation over the last week has created this nice ascending triangle , finding resistance at 1.5000, which coincides with the 0.382 Fibonacci Retracement Level. Space is running out now and the last 4H candle is a nice Harami Gravestone. Time to break out on the downside.

Safe entries would be at 1.49 with a SL at 1.503.
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