BluetonaFX - GBPUSD Descending Triangle SHORT Idea

已更新
Hi Traders!

GBPUSD is under serious pressure, and there is a possibility of price breaking below the four-month low.

Price Action 📊

The market has reached the four-month low, creating a descending triangle pattern on the chart.

We are looking for further bearish momentum to break and close the trendline support line.

Fundamental Analysis 📰

The market's outlook on GBP is currently negative due to weak economic data recently released. Traders will be looking for positive statements from the Monetary Policy Summary later today.
 
Support 📉

1.23081: 4 MONTH LOW

Resistance 📈

1.24216: PREVIOUS DAY'S HIGH

Risk ⚠️
No more than 2% of your capital.

Reward 💰
At least 4% of your capital.

Please make sure to click on the like/boost button 🚀 as your support greatly helps.

Trade safely and responsibly.

BluetonaFX
交易進行
Support trendline broken
註釋
Chart idea complete
交易結束:目標達成
chartanalysisForexforexanalysisforexsignalsfxideaGBPUSDgbpusdshortMoving AveragespriceactiontradingSupport and ResistancetechnicaltradingTriangle

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