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!
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Still in the triangle, the support holds pretty well. There is not much to say about this for the moment, but if there is, I'll update.
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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.
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