Compressing Symmetrical Triangle - GBPUSD
Updated
For the interim, I am Neutral on this pair until I see how price action reacts upon the approach of the Up-Trend Trendline. If it respects the Up-Trend Trendline, then I will look for longs towards Down-Trend Trendline, but it if manages to break the Up-Trend Trendline, upon retest look for possible short into supply zone which is also a significant support level also lining up with 61.8% extension fib level.
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Trade closed: target reached
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