GBPUSD 18-22 Week Analysis [October] Triangle Pattern H1

21 ott 2021

I have applied the triangle pattern to the H1 chart whihc works better and I believe give a better setup for a break out. Usually a triangle pattern is categorized as a continuation pattern but the resistence has held strong all day resisting any break out above 1.382. With 20 minutes remaining on the hour setup both up opr down could be there for the taking once the market starts to move.

21 ott 2021

Trade chiuso: stop raggiunto

The break out from the triangle worked and yeilded good pips in a downward trend.