icmfx

GBPUSD - which side will the triangle break out? the fight is on

Long
OANDA:GBPUSD   Livre sterling / Dollar américain
GBPUSD is in a downtrend and is making new lows. It has found support and painted a triangle. the question is; which side will the triangle break out. Based on weak dollar and monthly support that GBP is currently sitting on, it could be the up side but we'll see.

Trade active with a tight SL just below the lower line of the triangle. entry: 1.21450
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