11021992
Short

GBPUSD: Sell the breakout

FX:GBPUSD   Britisches Pfund / US-Dollar
680 10 27
Hi traders,

On the GBPUSD             15min we have a potential ABCDE pattern forming after the impulsive move. Entries are either at E or after the breakout.

Cheers
Kommentar: There we go.
my stop.... my stop.... lollll... a litle bit of stop
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11021992 gotchgo
@gotchgo, Too bad man!
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Nice wedge over there! Should go down at least 50 points if it breaks. Thanks!
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@Sers3, Not much action so far :P
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Sers3 11021992
@11021992, Too bad I didn't enter
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@Sers3, Reversed exactly after 50 pips, measured from the last touch of the trendline.
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Sers3 11021992
@11021992, Exactly how I thought it will do, but I was afraid to place a sell stop order and let it over the night. Next time maybe
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@Sers3, Yeah I understand, no worries. There are plenty of opportunities in the market :)
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Caution. This is also either a Rising Wedge pattern or a Descending Triangle pattern. Both types are bilateral patterns that can be reversal or continuation patterns.
+1 Antworten
11021992 jaffd12
@jaffd12, Very true. Let's see what happens :)
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