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Euro / British Pound
Short

Descending Triange w/ an Evening Star Candlestick Confirmation

By PatiencePays777
As you can see in the picture, EURGBP respected the trendline and bounced off of the green support zone to form a Descending triangle. Then, it broke through, and retested it with a forming Evening star Candlestick confirmation. This trade is a good trade to lose, since the setup is so perfect and the orange line is a monthly resistance level so it's a fair area for it to potentially turn into a downtrend here. I am not an expert and don't take my advice for fact. Trade at your own risk.
Candlestick analysiscandlestickpatternChart PatternspriceactionanalysisTrend Analysis
PatiencePays777

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