GBPUSD - Bearish Triangle Squeeze - Short?
Evening,
GBPUSD price action being squeezed between the EMAs from the top, and support at 1.26971 level.
I expect price to drop from the current ~1.27403 level down to support, circa 50pips.
Direction of the anticipated explosive breakout from the squeeze is unknown - with an overall downward trend versus clearly strong support beneath - so hope to be there to catch it.
GBPUSD price action being squeezed between the EMAs from the top, and support at 1.26971 level.
I expect price to drop from the current ~1.27403 level down to support, circa 50pips.
Direction of the anticipated explosive breakout from the squeeze is unknown - with an overall downward trend versus clearly strong support beneath - so hope to be there to catch it.