GBP/USD - break of support and backtest, seen clearly on 4hr.
Firm resistance of 12 day EMA on this moving average tunnel set up gave confirmation of short signal after previous candle's piercing wick, the candle opened below support and failed to recover meeting resistance at 12 day EMA.
View my daily chart to see better the symmetrical triangle within a descending wedge giving an overall BEARISH picture - trade rangebound short on this leg down on a visit to descending wedge bottom for bigger bounce and long opportunity.
View my daily chart to see better the symmetrical triangle within a descending wedge giving an overall BEARISH picture - trade rangebound short on this leg down on a visit to descending wedge bottom for bigger bounce and long opportunity.
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.