GBPUSD 20-30 January 2020
Updated
One could spot a descending triangle on the GBPUSD chart, now that the week is finished. The alignment of the candles on the H4 or daily chart sets out the premises for a bear run to 1.2820, the previous support, and possibly more later on.
Note
Your thumbs up and comments are much wanted and I am grateful to receive them.Trade active
The pair reached the bottom of the triangle and was rejected, I believe it will retest the area.Trade active
The pair spiked due to positive data being released.Trade active
The pair has neared the upper limit of the descending triangle.Trade active
The price has moved beyond the upper limit of the descending triangle.Trade closed: stop reached
Even if the price might return to retest the upper limit of the descending triangle, it gave today a strong bullish signal and so I look forward to going long.
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