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ChasingTheMarket

GBP/USD: Triangle Breakout? Calm before Storm

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
ChasingTheMarket  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis GBPUSD support breakout pullback Ascending Triangle Volume Indicator
4
0
trendanalysis chartpattern waveanalysis gbpusd support breakout pullback ascendingtriangle volume
Simple analysis on this pair. We're looking at a triangle on a short time Frame, yet are not going to let it distract us.

This trade is simple. WAIT, for the market to hit the major support band to get in Long.

In the even the low volume transforms into big volatility and we breakout of the Red Descending Trend line, wait for a pullback to the Mov Avg and Get in Long.

Until the market does one of these two things, don't trade this pair. Keep it safe and profitable.
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