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Compressing Symmetrical Triangle - GBPUSD

Paun British / Dolar A.S. (FX:GBPUSD)  
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FX:GBPUSD   Paun British / Dolar A.S.
GBPUSD trading Supply and Demand Symmetrical Triangle shortsetup longsetup Trend Lines Forex forex_signals
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gbpusd trading supplyanddemand symmetricaltriangle shortsetup longsetup trendline forex forex_signals
For the interim, I am Neutral on this pair until I see how price action reacts upon the approach of the Up-Trend Trendline. If it respects the Up-Trend Trendline, then I will look for longs towards Down-Trend Trendline, but it if manages to break the Up-Trend Trendline, upon retest look for possible short into supply zone which is also a significant support level also lining up with 61.8% extension fib level.

snapshot

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