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realakm007

GBPUSD pair has created a pennant pattern

Short
Livre sterling / Dollar américain (OANDA:GBPUSD)  
realakm007  
OANDA:GBPUSD   Livre sterling / Dollar américain
Trend Analysis Chart Patterns pennantbreakout Bearish Pennant
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trendanalysis chartpattern pennantbreakout bearishpennant
snapshot

The hourly chart shows the GBP/USD pair has created a pennant pattern - a bearish continuation pattern, meaning a downside break would open the doors to 1.30 (psychological level).

An upside break would abort the immediate bearish outlook.

I'm already short on this pair. Sold at 1.32010. If you like this trade idea, please give it a thumbs up. Thanks.

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