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chrisetherington23

GBPUSD 'Death Cross' at area of consolidation

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
chrisetherington23  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators GBP USD GBPUSD deathcross death cross consolidation short
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trendanalysis indicator gbp usd gbpusd deathcross death cross consolidation short
Hey there. This is my first published idea. GBPUSD in an area of consolidation forming a nice triangle. The 50 day SMA has just broken through the 200 day SMA, which is often known as a 'death cross', which can be a good signal of a bear market.

I'll be watching here waiting for a potential breakout.

Happy trading.

Chris
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