GBPUSD Testing pattern right triangle
Still testing T1, but I still not recommend to short GBP, let's wait for more technicals
Based on the pattern Tiangle GBP may rise sharply
against USD. This movement can take over 2
months, usually the pattern is brocken on 5-th
touch. Now we have an opportunitie to trade
from point 4 to point 5 and then if price will
cross T2 trendline, we can long GBP for Q4 2020.
BUT keep in checking fundamentals
Check out the educational stream about pattern Sperandeo
tradingview.com/streams/iubqQ5FGJzAKHHG4eWlGw/
Based on the pattern Tiangle GBP may rise sharply
against USD. This movement can take over 2
months, usually the pattern is brocken on 5-th
touch. Now we have an opportunitie to trade
from point 4 to point 5 and then if price will
cross T2 trendline, we can long GBP for Q4 2020.
BUT keep in checking fundamentals
Check out the educational stream about pattern Sperandeo
tradingview.com/streams/iubqQ5FGJzAKHHG4eWlGw/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.