Iqbal_FX

Technical Analysis on GBP/USD 14/8/17

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
Hello there. My sentiment is keep on bearish movement based on particular reasoning. Below is my BIG WHY Selling GBP/USD is a good idea.

1) Price make a ascending triangle. It shows that compression had been taken a long time period
2) Price trigger the supply area which is where the cumulative big order placed
3) Price break mid BB after bouncing Supply Area
4) Price break my current trendline.

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