Pink - Key points dating back to 1985
Red Rectangle - Large Resistance Area
Light Blue Rectangle - Support of range 1.310-1.3133
GBP/USD has fallen into a descending triangle that can present us with a nice short opportunity to sell the lower high.
Two lower highs have formed and we are awaiting the third.
The price just...
Before I begin I would like to thank anyone who provides feedback.
Observing the D and 4h timeframes of SGD/CHF, there is a rising wedge taking place and we are currently testing the lower TL. The price also just tested the .618 fib level (.7150).
We just broke a key price area of .718 and this can act as a resistance point . If this hits resistance and the wedge...