GBPUSD 'Death Cross' at area of consolidation

Penjualan

Pound Inggris / Dollar AS (FX:GBPUSD)

FX:GBPUSD Pound Inggris / Dollar AS

trendanalysis indicator gbp usd gbpusd deathcross death cross consolidation short

Hey there. This is my first published idea. GBPUSD in an area of consolidation forming a nice triangle. The 50 day SMA has just broken through the 200 day SMA, which is often known as a 'death cross', which can be a good signal of a bear market.

I'll be watching here waiting for a potential breakout.

Happy trading.

Chris

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