Price has bounced from a key level and it's now consolidating testing the upper parallel of a downslope median line. Stoploss and profit targets as shown at the chart.
Is there any chance to triangle and breakout?. please.
Fxprotrader
⋅
Which direction?
fxfxfx
⋅
up I guess, otherwise he would just join the trade without asking.. To me the last bars look like a break up of the down trend that started the 12th of July more than a reversal.. But the GBP will be weakened by news next week anyway.. I am thinking what to do with this pair, mmmm.... :) - As always, thanks for sharing!
amirtiny
⋅
@fxfxfx, hi dude.." To me the last bars look like a break up of the down trend " how did you get to this result? thanks