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Waiting for a clear break out
British Pound / U.S. Dollar
Long
Waiting for a clear break out
By TaherJalili
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Aug 25, 2020
3
Aug 25, 2020
After making a nice trend higher on the daily chart, price has stalled into a sideways box pattern.
After trying to make a breakout higher that ended in a fakeout, price is very much stuck at the moment.
The best play looks to be to watch this pair until price makes a clear break out of this congestion and shows some clearer price action.
boxpattern
Chart Patterns
fakeout
priceaction
sideways
Trend Analysis
TaherJalili
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Also on:
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