GBPUSD - Bearish Triangle Squeeze - Short?
Evening,
GBPUSD price action being squeezed between the EMAs from the top, and support at 1.26971 level.
I expect price to drop from the current ~1.27403 level down to support, circa 50pips.
Direction of the anticipated explosive breakout from the squeeze is unknown - with an overall downward trend versus clearly strong support beneath - so hope to be there to catch it.
GBPUSD price action being squeezed between the EMAs from the top, and support at 1.26971 level.
I expect price to drop from the current ~1.27403 level down to support, circa 50pips.
Direction of the anticipated explosive breakout from the squeeze is unknown - with an overall downward trend versus clearly strong support beneath - so hope to be there to catch it.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.