TradingView
VasilyTrader
Mar 15, 2019 6:26 AM

descending triangle - sell the violation of support Short

British Pound/U.S. DollarFXCM

Description



good morning everyone,

on pound dollar, the market is still testing a significant level of resistance.
now we see a clear rejection of this area


on a lower timeframe, we see that the price is coiling in a descending triangle.
bearish violation of its support will give us good selling opportunity
with targets based on structure.

let the candle close below the support, only then take actions!

good luck!

Comment

one more test of support
Comments
TradingShot
Another great analysis by you Vasily! Based on the historical volatility after Brexit events, we can go even lower.

More