@nasiruahmed on GBPUSD | PriceONN Community

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nasiruahmed PRO newbie
GBPUSD Mar 20
I'm staring at this chart and it looks like a giant triangle is forming on the hourly for GBPUSD. The price keeps getting squeezed between these trendlines, like it can't decide where to go. It feels like it has to break out soon, but which way? I saw someone mention a bullish flag earlier, but I'm not sure if I'm seeing that. This pattern is making me nervous about entering any new trades right now.
GBPUSD

Replies (1)

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jclarke196 PRO newbie Mar 26
@nasiruahmed I see what you mean about the triangle! It does look pretty squeezed. I'm a bit new to this, but when I see it going sideways like that, I get a bit scared it's going to suddenly drop. I was hoping for a nice rise today, but it just seems to be going down, down, down! Do you think it will break out soon?
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