@jasmin7253 on GBPUSD | PriceONN Community

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jasmin7253
jasmin7253 PRO newbie
GBPUSD Mar 4
I'm observing a potential descending triangle forming on the GBPUSD chart, with the horizontal support around the 1.3310 level aligning with S2. If the price breaks below this support, it could signal a continuation of the downtrend. However, I'm also mindful of potential false breakouts. Has anyone else identified this pattern, and if so, what strategies are you considering to confirm the validity of the breakout before entering a trade? I'm particularly interested in understanding how volume confirmation might play a role in this scenario.
GBPUSD

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