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michaeldobfx

Consolidating triangle - 4 hour - (GBP/USD) - Short idea

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
michaeldobfx  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Lines Support and Resistance Chart Patterns consolidating GBPUSD GBP USD Technical Analysis
4
0
trendline supportandresistance chartpattern consolidating gbpusd gbp usd technicalanalysis
Potential short idea for GBP/USD. Before the final breakout, consolidating triangle on the 4-hour chart indicates price action may deflect off the upper trendline, thus heading lower towards either 1.255, or even to 1.252.

Note: My analysis is not professional investment advice. I do not take responsibility for any trading decisions you make ;)
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