GBPUSD is shaping out triangle -in which d-leg has started but could be confirmed if 1.4365 level is taken out fast & going below 1.42979 shall make the bearish case even more stronger. If that is not the case & one think that GBPUSD is bullish-it has to take out 1.4469 but that is not going to change the overall structure which is bearish triangle & shall be advised to trade shorts only once 1.4365 is taken out. Usually triangles trap participants & take you for ride.Trade with care. Regards
Note
We are yet not confirmed of downtrend or d-leg as 1.4365 is still not taken out but yes we have touched a-leg high so benefit of doubt should be given to triangle...unless we close above a-leg...This whole structure will be somethingelse & we shall look for another trading strategy. Regards
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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.