GBPUSD symmetrical triangle, up again!
Updated
Looking at this GBPUSD we can see a symmetrical triangle at the 1hr chart.
This is considered a continuation pattern, since we formed this triangle after going up. The odds are we will after the triangle as well.
If we continue in this pattern I will look for a good entry to long the GBPUSD.
I have drawn a descending line on the RSI, that could be helpful when looking for a good entry point when it is oversold.
Thanks for reading and I would appreciate some feedback or a like!
This is considered a continuation pattern, since we formed this triangle after going up. The odds are we will after the triangle as well.
If we continue in this pattern I will look for a good entry to long the GBPUSD.
I have drawn a descending line on the RSI, that could be helpful when looking for a good entry point when it is oversold.
Thanks for reading and I would appreciate some feedback or a like!
Note
Still in the triangle, the support holds pretty well. There is not much to say about this for the moment, but if there is, I'll update.
Note
This was not what I expected, but after all I didn't trade this one and it was for learning purposes.Think it has to do with a triangle that is not symmetrical enough to be a continuation pattern.
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