GBPUSD is trading in an ascending triangle pattern. It is now at the very support level of the ascending triangle pattern. One can initiate a long trend on pair with a stop loss just below the support line of the ascending triangle . But, if it breaks the ascending triangle pattern on the downside, we might see a fresh downside in GBPUSD , as it is also forming a minor head and shoulder pattern within the ascending triangle pattern.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.