GBPUSD : Symmetrical Triangle, Next Breakout Setup !

FX:GBPUSD   British Pound / U.S. Dollar
Its simple guys, we have symmetrical triangle pattern in GBPUSD             and I have overlayed with Elliott wave count ( if you aren't comfortable with waves skip that part, no issues ). Even then we are in Bearish tone, so I expect the triangle to break to downside. Moreover in GBPUSD             we have hourly resistance zone around 1.2380's , so even if upside break happens it may turn false.

Happy Trading !
Trade active: Breakout on, after confirmation short Gbpusd
Order cancelled: No trades taken as it broke upside, Usually we take trade in any direction bcos of resistance we didnt take upside trade & the missed one turned to be winner.

We will see in next trade setup !
I like your analyzes, simple, clean, orderly; But do not write well in English (google translate)
+1 Reply
InsiderB UsuiKakera
@UsuiKakera, Thanks for the appreciation :) I understood what you are trying to say, its fine bro.
InsiderB UsuiKakera
@UsuiKakera, Thanks for sharing your chart :)
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