1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Pound/Dollar: Triangle Appeared

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Hourly The double bottom pattern didn’t come off. The pound/dollar fell to 1.5065 but a decent looking triangle has appeared; only this figure is a continuation of the trend. The pound/dollar should return to its lower limit of 1.507 and then restore itself to 1.5114. It’s a shortened day in the US, so I haven’t considered any break. The UK’s GDP second assessment for Q3 will be published later, so I see no point looking at the news. Daily The bears have managed to neutralise the bull signal.

    Continue reading...
     

Share This Page