descending triangle - sell the breakout

Happy Monday traders,
Last week we've seen strengthening of dollar index and great rallies on dollar pairs.
On pound dollar today we have descending triangle. As the market is in clear bear trend
this pattern is a nice option to join bearish side.
Generally, we are waiting for breakout of support that is locally established,
as it happens, two strategies come into play:
sell after candle closes below structure
or
sell the retest of structure (providing better risk to reward).

Good luck!

Order storniert