GBPUSD : Symmetrical Triangle, Next Breakout Setup !

Its simple guys, we have symmetrical triangle pattern in GBPUSD and I have overlayed with Elliott wave count ( if you aren't comfortable with waves skip that part, no issues ). Even then we are in Bearish tone, so I expect the triangle to break to downside. Moreover in GBPUSD we have hourly resistance zone around 1.2380's , so even if upside break happens it may turn false.

Happy Trading !

Trade active:

Breakout on, after confirmation short Gbpusd

Order cancelled:

No trades taken as it broke upside, Usually we take trade in any direction bcos of resistance we didnt take upside trade & the missed one turned to be winner.

We will see in next trade setup !