GBPUSD symmetrical triangle, up again!
Looking at this GBPUSD we can see a symmetrical triangle at the 1hr chart.
This is considered a continuation pattern, since we formed this triangle after going up. The odds are we will after the triangle as well.
If we continue in this pattern I will look for a good entry to long the GBPUSD.
I have drawn a descending line on the RSI, that could be helpful when looking for a good entry point when it is oversold.
Thanks for reading and I would appreciate some feedback or a like!
This is considered a continuation pattern, since we formed this triangle after going up. The odds are we will after the triangle as well.
If we continue in this pattern I will look for a good entry to long the GBPUSD.
I have drawn a descending line on the RSI, that could be helpful when looking for a good entry point when it is oversold.
Thanks for reading and I would appreciate some feedback or a like!
Kommentar:
This was not what I expected, but after all I didn't trade this one and it was for learning purposes.
Think it has to do with a triangle that is not symmetrical enough to be a continuation pattern.
Think it has to do with a triangle that is not symmetrical enough to be a continuation pattern.
There is not much to say about this for the moment, but if there is, I'll update.